Royce & Associates LP Sells 54,714 Shares of United States Lime & Minerals, Inc. $USLM

Royce & Associates LP cut its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 49.7% in the third quarter, HoldingsChannel reports. The firm owned 55,363 shares of the construction company’s stock after selling 54,714 shares during the quarter. Royce & Associates LP’s holdings in United States Lime & Minerals were worth $7,283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of United States Lime & Minerals in the 3rd quarter worth $1,093,000. Cadent Capital Advisors LLC bought a new position in shares of United States Lime & Minerals in the 3rd quarter valued at about $1,826,000. Geode Capital Management LLC grew its position in United States Lime & Minerals by 2.8% in the second quarter. Geode Capital Management LLC now owns 333,677 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 9,136 shares in the last quarter. Copeland Capital Management LLC purchased a new position in United States Lime & Minerals in the third quarter worth about $19,916,000. Finally, Franklin Resources Inc. increased its stake in United States Lime & Minerals by 146.5% during the second quarter. Franklin Resources Inc. now owns 47,166 shares of the construction company’s stock worth $4,707,000 after acquiring an additional 28,030 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Trading Up 2.6%

NASDAQ:USLM opened at $127.87 on Thursday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 27.38 and a beta of 0.98. United States Lime & Minerals, Inc. has a twelve month low of $80.47 and a twelve month high of $137.96. The stock has a fifty day simple moving average of $120.05 and a 200-day simple moving average of $122.70.

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 the consensus estimate of $1.13 by ($0.07). United States Lime & Minerals had a return on equity of 23.07% and a net margin of 36.03%.The company had revenue of $87.94 million during the quarter, compared to analysts’ expectations of $97.00 million.

United States Lime & Minerals Dividend Announcement

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