Insider Selling: United States Lime & Minerals, Inc. (NASDAQ:USLM) CEO Sells 22,261 Shares of Stock

United States Lime & Minerals, Inc. (NASDAQ:USLM) CEO Timothy W. Byrne sold 22,261 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the transaction, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. The trade was a 15.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

United States Lime & Minerals Trading Up 7.5 %

Shares of NASDAQ:USLM traded up $10.46 during trading on Thursday, hitting $150.33. 170,918 shares of the stock were exchanged, compared to its average volume of 98,820. The company has a market cap of $4.30 billion, a PE ratio of 43.57 and a beta of 0.82. The company has a fifty day moving average price of $107.99 and a two-hundred day moving average price of $86.18. United States Lime & Minerals, Inc. has a 12-month low of $41.91 and a 12-month high of $151.47.

United States Lime & Minerals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.80%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of United States Lime & Minerals by 422.7% during the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock worth $30,089,000 after purchasing an additional 249,115 shares during the last quarter. Barclays PLC increased its position in United States Lime & Minerals by 1,182.8% during the third quarter. Barclays PLC now owns 21,512 shares of the construction company’s stock worth $2,101,000 after buying an additional 19,835 shares in the last quarter. Jane Street Group LLC lifted its position in shares of United States Lime & Minerals by 356.8% in the third quarter. Jane Street Group LLC now owns 19,802 shares of the construction company’s stock valued at $1,934,000 after acquiring an additional 15,467 shares in the last quarter. State Street Corp boosted its stake in shares of United States Lime & Minerals by 421.7% during the third quarter. State Street Corp now owns 242,826 shares of the construction company’s stock valued at $23,714,000 after acquiring an additional 196,277 shares during the last quarter. Finally, Stifel Financial Corp increased its position in United States Lime & Minerals by 309.6% during the 3rd quarter. Stifel Financial Corp now owns 7,233 shares of the construction company’s stock worth $706,000 after purchasing an additional 5,467 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.