JPMorgan Chase & Co. Buys 16,223 Shares of United States Lime & Minerals, Inc. $USLM

JPMorgan Chase & Co. lifted its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 58.5% during the third quarter, Holdings Channel.com reports. The fund owned 43,964 shares of the construction company’s stock after buying an additional 16,223 shares during the period. JPMorgan Chase & Co.’s holdings in United States Lime & Minerals were worth $5,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. ArrowMark Colorado Holdings LLC acquired a new position in United States Lime & Minerals during the third quarter valued at approximately $26,705,000. Copeland Capital Management LLC acquired a new position in shares of United States Lime & Minerals during the 3rd quarter worth approximately $19,916,000. First Trust Advisors LP raised its stake in shares of United States Lime & Minerals by 281.5% during the 2nd quarter. First Trust Advisors LP now owns 192,869 shares of the construction company’s stock worth $19,248,000 after purchasing an additional 142,308 shares in the last quarter. Millennium Management LLC raised its stake in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock worth $17,092,000 after purchasing an additional 129,534 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings 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 buying an additional 86,630 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

Shares of USLM stock opened at $135.81 on Thursday. The firm’s 50-day moving average is $118.19 and its 200-day moving average is $122.75. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 29.08 and a beta of 0.91. United States Lime & Minerals, Inc. has a 52-week low of $80.47 and a 52-week high of $137.96.

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

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 20th were 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 of this dividend was Friday, February 20th. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.14%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, United States Lime & Minerals has a consensus rating of “Buy”.

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.