Y Intercept Hong Kong Ltd Buys New Position in United States Lime & Minerals, Inc. $USLM

Y Intercept Hong Kong Ltd bought a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,720 shares of the construction company’s stock, valued at approximately $1,070,000.

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in United States Lime & Minerals by 4,902.8% during the 1st quarter. Covestor Ltd now owns 1,801 shares of the construction company’s stock worth $159,000 after acquiring an additional 1,765 shares during the period. Cerity Partners LLC acquired a new stake in United States Lime & Minerals during the 1st quarter worth approximately $213,000. Cannon Global Investment Management LLC acquired a new stake in United States Lime & Minerals during the 2nd quarter worth approximately $250,000. Alpine Global Management LLC acquired a new stake in United States Lime & Minerals during the 1st quarter worth approximately $222,000. Finally, CWM LLC lifted its position in United States Lime & Minerals by 27.0% during the 1st quarter. CWM LLC now owns 2,623 shares of the construction company’s stock worth $232,000 after acquiring an additional 557 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Timothy W. Byrne sold 27,425 shares of United States Lime & Minerals stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $121.05, for a total transaction of $3,319,796.25. Following the completion of the transaction, the chief executive officer directly owned 98,532 shares in the company, valued at $11,927,298.60. The trade was a 21.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

USLM has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United States Lime & Minerals in a research report on Wednesday, October 8th. Wall Street Zen cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, United States Lime & Minerals presently has a consensus rating of “Buy”.

United States Lime & Minerals Price Performance

USLM opened at $112.97 on Tuesday. The business has a 50 day simple moving average of $127.01 and a 200-day simple moving average of $111.75. The stock has a market capitalization of $3.24 billion, a P/E ratio of 24.83 and a beta of 1.02. United States Lime & Minerals, Inc. has a 12 month low of $80.47 and a 12 month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.20 by $0.15. The business had revenue of $102.02 million during the quarter, compared to analysts’ expectations of $102.00 million. United States Lime & Minerals had a return on equity of 24.61% and a net margin of 35.83%.

United States Lime & Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s payout ratio is currently 5.27%.

United States Lime & Minerals Company Profile

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.