Cynosure Group LLC Buys 6,788 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Cynosure Group LLC increased its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 636.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,855 shares of the construction company’s stock after purchasing an additional 6,788 shares during the period. Cynosure Group LLC’s holdings in United States Lime & Minerals were worth $767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of USLM. Vanguard Group Inc. boosted its holdings in shares of United States Lime & Minerals by 2.3% in the first quarter. Vanguard Group Inc. now owns 114,041 shares of the construction company’s stock worth $34,000,000 after buying an additional 2,526 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of United States Lime & Minerals during the 1st quarter worth approximately $473,000. Janus Henderson Group PLC grew its position in United States Lime & Minerals by 958.4% in the first quarter. Janus Henderson Group PLC now owns 10,489 shares of the construction company’s stock worth $3,127,000 after acquiring an additional 9,498 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in United States Lime & Minerals during the 2nd quarter valued at $342,000. Finally, CWM LLC lifted its holdings in shares of United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $92,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the transaction, the vice president now owns 7,880 shares in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM opened at $157.45 on Wednesday. The firm’s 50 day simple moving average is $113.33 and its 200-day simple moving average is $88.46. The firm has a market cap of $4.50 billion, a PE ratio of 45.64 and a beta of 0.82. United States Lime & Minerals, Inc. has a one year low of $41.91 and a one year high of $159.53.

United States Lime & Minerals Dividend Announcement

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

United States Lime & Minerals Profile

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.