William Blair Investment Management LLC Trims Stock Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

William Blair Investment Management LLC cut its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 276,191 shares of the construction company’s stock after selling 17,949 shares during the period. William Blair Investment Management LLC owned approximately 0.97% of United States Lime & Minerals worth $36,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in United States Lime & Minerals during the 4th quarter valued at approximately $1,061,000. Sequoia Financial Advisors LLC purchased a new stake in United States Lime & Minerals during the 4th quarter valued at approximately $382,000. Sound View Wealth Advisors Group LLC raised its stake in United States Lime & Minerals by 3.8% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company’s stock valued at $733,000 after acquiring an additional 200 shares during the last quarter. AlphaQuest LLC purchased a new stake in United States Lime & Minerals during the 4th quarter valued at approximately $146,000. Finally, Inceptionr LLC purchased a new stake in United States Lime & Minerals during the 4th quarter valued at approximately $553,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded United States Lime & Minerals from a “buy” rating to a “hold” rating in a research note on Friday.

United States Lime & Minerals Trading Down 0.1 %

NASDAQ USLM opened at $93.14 on Tuesday. The business’s 50 day moving average is $105.87 and its two-hundred day moving average is $113.31. United States Lime & Minerals, Inc. has a 12-month low of $57.32 and a 12-month high of $159.53. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 24.55 and a beta of 0.90.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were given a dividend of $0.06 per share. This is a boost from United States Lime & Minerals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 annualized dividend and a yield of 0.26%. United States Lime & Minerals’s payout ratio is presently 6.33%.

Insiders Place Their Bets

In related news, Director Sandra C. Duhe sold 3,157 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the sale, the director now owns 2,128 shares in the company, valued at $201,330.08. This represents a 59.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.16% of the stock is currently owned by insiders.

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.