Royce & Associates LP Trims Stake in United States Lime & Minerals, Inc. $USLM

Royce & Associates LP reduced its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 49.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,363 shares of the construction company’s stock after selling 54,714 shares during the quarter. Royce & Associates LP owned approximately 0.19% of United States Lime & Minerals worth $7,283,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of USLM. TD Asset Management Inc purchased a new stake in United States Lime & Minerals in the third quarter worth about $1,440,000. Vanguard Group Inc. grew its stake in shares of United States Lime & Minerals by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 868,196 shares of the construction company’s stock valued at $114,211,000 after acquiring an additional 38,765 shares during the period. Amica Retiree Medical Trust increased its holdings in United States Lime & Minerals by 413.8% in the 3rd quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after acquiring an additional 269 shares in the last quarter. Amica Mutual Insurance Co. raised its stake in United States Lime & Minerals by 411.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 3,427 shares of the construction company’s stock worth $451,000 after acquiring an additional 2,757 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in United States Lime & Minerals by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 43,964 shares of the construction company’s stock valued at $5,783,000 after purchasing an additional 16,223 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

USLM stock opened at $127.87 on Thursday. The company’s fifty day moving average price is $120.05 and its 200-day moving average price is $122.70. United States Lime & Minerals, Inc. has a one year low of $80.47 and a one year high of $137.96. The company has a market capitalization of $3.67 billion, a PE ratio of 27.38 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings results on Monday, February 2nd. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The company had revenue of $87.94 million during the quarter, compared to the consensus estimate of $97.00 million. United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.07%.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 20th. United States Lime & Minerals’s payout ratio is currently 5.14%.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, United States Lime & Minerals currently has an average rating of “Hold”.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.