Quantbot Technologies LP Acquires Shares of 11,851 United States Lime & Minerals, Inc. $USLM

Quantbot Technologies LP bought a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 2nd quarter, Holdings Channel reports. The firm bought 11,851 shares of the construction company’s stock, valued at approximately $1,240,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of United States Lime & Minerals during the second quarter worth approximately $174,390,000. Vanguard Group Inc. grew its position in United States Lime & Minerals by 6.8% in the 4th quarter. Vanguard Group Inc. now owns 927,176 shares of the construction company’s stock valued at $111,020,000 after buying an additional 58,980 shares during the last quarter. First Trust Advisors LP grew its position in 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 buying an additional 203,030 shares during the last quarter. Select Equity Group L.P. increased its stake in United States Lime & Minerals by 4.8% in the 2nd quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock valued at $35,548,000 after buying an additional 16,404 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in United States Lime & Minerals by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 326,142 shares of the construction company’s stock valued at $39,053,000 after buying an additional 10,828 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

NASDAQ:USLM opened at $119.07 on Wednesday. United States Lime & Minerals, Inc. has a 1 year low of $96.27 and a 1 year high of $141.43. The stock has a fifty day moving average price of $110.82 and a two-hundred day moving average price of $115.02. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 25.50 and a beta of 0.72.

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

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.06 per share. 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%.

Analysts Set New Price Targets

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