Insider Selling: United States Lime & Minerals, Inc. (NASDAQ:USLM) CEO Sells $3,155,051.53 in Stock

United States Lime & Minerals, Inc. (NASDAQ:USLM) CEO Timothy W. Byrne sold 22,261 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now directly owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

United States Lime & Minerals Price Performance

USLM stock opened at $149.73 on Friday. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 43.40 and a beta of 0.82. United States Lime & Minerals, Inc. has a 1-year low of $41.91 and a 1-year high of $151.47. The firm has a fifty day moving average price of $110.66 and a two-hundred day moving average price of $87.17.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is presently 5.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On United States Lime & Minerals

A number of large investors have recently bought and sold shares of USLM. Farther Finance Advisors LLC raised its position in shares of United States Lime & Minerals by 900.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock worth $30,000 after purchasing an additional 279 shares during the period. Amalgamated Bank increased its position in United States Lime & Minerals by 400.0% in the third quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after buying an additional 288 shares during the period. nVerses Capital LLC bought a new position in shares of United States Lime & Minerals during the third quarter worth about $49,000. FMR LLC increased its holdings in shares of United States Lime & Minerals by 403.0% in the 3rd quarter. FMR LLC now owns 503 shares of the construction company’s stock worth $49,000 after acquiring an additional 403 shares during the period. Finally, CWM LLC lifted its position in United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.