Contravisory Investment Management Inc. Decreases Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Contravisory Investment Management Inc. lessened its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,365 shares of the construction company’s stock after selling 1,595 shares during the quarter. Contravisory Investment Management Inc.’s holdings in United States Lime & Minerals were worth $447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of United States Lime & Minerals by 202.6% in the third quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock valued at $47,845,000 after acquiring an additional 327,983 shares during the period. Royce & Associates LP raised its holdings in shares of United States Lime & Minerals by 322.3% during the third quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock valued at $34,396,000 after acquiring an additional 268,800 shares in the last quarter. Geode Capital Management LLC lifted its stake in United States Lime & Minerals by 422.7% in the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock worth $30,089,000 after acquiring an additional 249,115 shares during the period. State Street Corp boosted its stake in shares of United States Lime & Minerals by 421.7% during the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company’s stock valued at $23,714,000 after purchasing an additional 196,277 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of United States Lime & Minerals by 1.2% during the second quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock valued at $57,872,000 after buying an additional 1,900 shares during the period. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan O’neill sold 1,750 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the sale, the vice president now directly owns 7,880 shares in the company, valued at $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. Corporate insiders own 2.16% of the company’s stock.

United States Lime & Minerals Price Performance

Shares of NASDAQ USLM opened at $125.32 on Thursday. United States Lime & Minerals, Inc. has a 1 year low of $43.63 and a 1 year high of $159.53. The firm has a 50-day moving average of $138.98 and a 200 day moving average of $105.15. The stock has a market cap of $3.58 billion, a P/E ratio of 36.32 and a beta of 0.93.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.80%.

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.