Rhumbline Advisers cut its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,377 shares of the construction company’s stock after selling 225 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of United States Lime & Minerals worth $265,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Schwab Charles Investment Management Inc. increased its stake in shares of United States Lime & Minerals by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,256 shares of the construction company’s stock worth $413,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 24.02% of the company’s stock.
United States Lime & Minerals, Inc. (NASDAQ USLM) opened at 95.50 on Friday. United States Lime & Minerals, Inc. has a 1-year low of $63.60 and a 1-year high of $101.40. The firm has a market capitalization of $532.70 million, a P/E ratio of 26.75 and a beta of 1.12. The stock has a 50 day moving average of $82.48 and a 200-day moving average of $79.98.
United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.94 EPS for the quarter. The business had revenue of $36.52 million for the quarter. United States Lime & Minerals had a net margin of 13.68% and a return on equity of 10.92%. On average, equities research analysts anticipate that United States Lime & Minerals, Inc. will post $2.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.54 annualized dividend and a yield of 0.57%. United States Lime & Minerals’s dividend payout ratio is currently 15.17%.
In related news, CEO Timothy W. Byrne sold 10,845 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $76.96, for a total value of $834,631.20. Following the sale, the chief executive officer now directly owns 28,895 shares of the company’s stock, valued at approximately $2,223,759.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.57% of the company’s stock.
About United States Lime & Minerals
United States Lime & Minerals, Inc is a manufacturer of lime and limestone products. The Company’s segments include Lime and Limestone operations, and Natural gas interests. The Company, through its Lime and Limestone Operations, is a manufacturer of lime and limestone products, supplying primarily the construction, environmental (including municipal sanitation and water treatment facilities, and flue gas treatment processes), industrial, metals (including steel producers), roof shingle, oil and gas services, and agriculture (including poultry and cattle feed producers) industries.
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