Cynosure Group LLC Reduces Position in United States Lime & Minerals, Inc. $USLM

Cynosure Group LLC trimmed its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 55.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,448 shares of the construction company’s stock after selling 10,425 shares during the quarter. Cynosure Group LLC’s holdings in United States Lime & Minerals were worth $843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Amica Mutual Insurance Co. purchased a new position in United States Lime & Minerals during the 2nd quarter valued at $67,000. Covestor Ltd lifted its position in shares of United States Lime & Minerals by 4,902.8% during the first quarter. Covestor Ltd now owns 1,801 shares of the construction company’s stock worth $159,000 after purchasing an additional 1,765 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of United States Lime & Minerals during the first quarter valued at $213,000. Alpine Global Management LLC bought a new position in shares of United States Lime & Minerals in the first quarter worth about $222,000. Finally, CWM LLC increased its stake in United States Lime & Minerals by 27.0% in the 1st quarter. CWM LLC now owns 2,623 shares of the construction company’s stock worth $232,000 after buying an additional 557 shares during the period. 27.12% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Timothy W. Byrne sold 27,425 shares of United States Lime & Minerals stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $121.05, for a total value of $3,319,796.25. Following the transaction, the chief executive officer directly owned 98,532 shares in the company, valued at approximately $11,927,298.60. This trade represents a 21.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on USLM shares. Wall Street Zen cut shares of United States Lime & Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of United States Lime & Minerals in a research note on Monday, November 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, United States Lime & Minerals currently has an average rating of “Buy”.

United States Lime & Minerals Price Performance

NASDAQ:USLM opened at $118.96 on Friday. United States Lime & Minerals, Inc. has a 1-year low of $80.47 and a 1-year high of $159.53. The company has a 50-day moving average of $125.06 and a 200 day moving average of $113.91. The firm has a market cap of $3.41 billion, a PE ratio of 26.15 and a beta of 1.02.

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. United States Lime & Minerals had a net margin of 35.83% and a return on equity of 24.61%.

United States Lime & Minerals Dividend Announcement

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

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.