Contravisory Investment Management Inc. Reduces Stock Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Contravisory Investment Management Inc. lowered its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 32.2% in the 4th quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in United States Lime & Minerals by 63.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,845 shares of the construction company’s stock worth $1,174,000 after purchasing an additional 3,417 shares during the period. JPMorgan Chase & Co. raised its stake in shares of United States Lime & Minerals by 454.5% in the third quarter. JPMorgan Chase & Co. now owns 10,697 shares of the construction company’s stock worth $1,045,000 after buying an additional 8,768 shares during the period. Principal Financial Group Inc. raised its stake in shares of United States Lime & Minerals by 537.3% in the third quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company’s stock worth $571,000 after buying an additional 4,927 shares during the period. Franklin Resources Inc. lifted its position in shares of United States Lime & Minerals by 432.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company’s stock valued at $612,000 after buying an additional 4,902 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of United States Lime & Minerals during the 3rd quarter valued at approximately $640,000. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

Shares of United States Lime & Minerals stock opened at $125.32 on Thursday. United States Lime & Minerals, Inc. has a fifty-two week low of $43.63 and a fifty-two week high of $159.53. The company has a market capitalization of $3.58 billion, a P/E ratio of 36.32 and a beta of 0.93. The company has a fifty day moving average of $138.98 and a 200 day moving average of $105.15.

United States Lime & Minerals Announces Dividend

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

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction on 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 sale, the chief executive officer now directly owns 125,004 shares in the company, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the vice president now directly owns 7,880 shares of the company’s stock, valued at $1,101,072.40. This trade represents a 18.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

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

United States Lime & Minerals 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.