Strs Ohio Invests $601,000 in United States Lime & Minerals, Inc. $USLM

Strs Ohio acquired a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,800 shares of the construction company’s stock, valued at approximately $601,000.

Several other large investors also recently bought and sold shares of USLM. Bank of New York Mellon Corp raised its stake in United States Lime & Minerals by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company’s stock worth $4,580,000 after acquiring an additional 160 shares during the last quarter. Cardinal Capital Management raised its stake in shares of United States Lime & Minerals by 0.3% in the first quarter. Cardinal Capital Management now owns 58,239 shares of the construction company’s stock worth $5,147,000 after purchasing an additional 164 shares during the last quarter. State of Wyoming purchased a new position in shares of United States Lime & Minerals in the fourth quarter worth about $35,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of United States Lime & Minerals by 6.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company’s stock worth $412,000 after purchasing an additional 291 shares during the period. Finally, Kaizen Financial Strategies boosted its position in United States Lime & Minerals by 7.9% in the first quarter. Kaizen Financial Strategies now owns 5,891 shares of the construction company’s stock valued at $521,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy W. Byrne sold 12,100 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $119.50, for a total transaction of $1,445,950.00. Following the sale, the chief executive officer owned 86,432 shares of the company’s stock, valued at approximately $10,328,624. This trade represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd.

United States Lime & Minerals Price Performance

USLM stock opened at $127.63 on Friday. United States Lime & Minerals, Inc. has a 1 year low of $80.47 and a 1 year high of $159.53. The firm has a market capitalization of $3.66 billion, a PE ratio of 29.27 and a beta of 1.02. The business has a 50 day simple moving average of $115.80 and a 200-day simple moving average of $103.43.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). United States Lime & Minerals had a return on equity of 24.24% and a net margin of 35.57%.The business had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 22nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 22nd. United States Lime & Minerals’s dividend payout ratio is 5.50%.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.