Hsbc Holdings PLC Sells 5,321 Shares of United States Lime & Minerals, Inc. $USLM

Hsbc Holdings PLC lowered its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 62.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,151 shares of the construction company’s stock after selling 5,321 shares during the quarter. Hsbc Holdings PLC’s holdings in United States Lime & Minerals were worth $403,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in USLM. Global Retirement Partners LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $29,000. Quarry LP bought a new position in shares of United States Lime & Minerals in the 3rd quarter valued at approximately $33,000. Empowered Funds LLC acquired a new stake in United States Lime & Minerals in the 4th quarter worth approximately $42,000. Comerica Bank acquired a new stake in United States Lime & Minerals in the 3rd quarter worth approximately $85,000. Finally, Osaic Holdings Inc. lifted its holdings in United States Lime & Minerals by 69.5% in the 2nd quarter. Osaic Holdings Inc. now owns 939 shares of the construction company’s stock worth $94,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, United States Lime & Minerals currently has a consensus rating of “Hold”.

United States Lime & Minerals Stock Performance

United States Lime & Minerals stock opened at $110.30 on Friday. United States Lime & Minerals, Inc. has a 52 week low of $94.76 and a 52 week high of $141.43. The firm has a market capitalization of $3.16 billion, a PE ratio of 23.62 and a beta of 0.72. The business’s 50-day simple moving average is $107.42 and its 200-day simple moving average is $116.08.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). The business had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. United States Lime & Minerals’s dividend payout ratio is currently 5.14%.

United States Lime & Minerals 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.