William Blair Investment Management LLC Takes Position in United States Lime & Minerals, Inc. $USLM

William Blair Investment Management LLC bought a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 169,885 shares of the construction company’s stock, valued at approximately $17,782,000. William Blair Investment Management LLC owned 0.59% of United States Lime & Minerals at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of USLM. BlackRock Inc. bought a new position in United States Lime & Minerals during the second quarter worth about $174,390,000. First Trust Advisors LP increased its stake in shares of United States Lime & Minerals by 85.0% in the 1st quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock valued at $57,723,000 after acquiring an additional 203,030 shares during the last quarter. Millennium Management LLC increased its stake in shares of United States Lime & Minerals by 202.9% in the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after acquiring an additional 129,534 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at approximately $9,593,000. Finally, Invesco Ltd. raised its position in shares of United States Lime & Minerals by 126.3% in the 3rd quarter. Invesco Ltd. now owns 155,195 shares of the construction company’s stock valued at $20,416,000 after acquiring an additional 86,630 shares during the period. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Down 1.1%

Shares of United States Lime & Minerals stock opened at $118.89 on Friday. The stock has a market cap of $3.41 billion, a P/E ratio of 25.46 and a beta of 0.72. United States Lime & Minerals, Inc. has a 12-month low of $96.27 and a 12-month high of $141.43. The business’s 50 day moving average is $110.41 and its 200-day moving average is $115.03.

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

United States Lime & Minerals Dividend Announcement

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

Analyst Ratings Changes

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

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.