Congruence Capital LLC Invests $6.70 Million in United States Lime & Minerals, Inc. $USLM

Congruence Capital LLC bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 55,931 shares of the construction company’s stock, valued at approximately $6,697,000. United States Lime & Minerals comprises about 2.5% of Congruence Capital LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of United States Lime & Minerals by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 927,176 shares of the construction company’s stock worth $111,020,000 after acquiring an additional 58,980 shares during the last quarter. Select Equity Group L.P. increased its position in shares of United States Lime & Minerals by 4.8% during the second quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock worth $35,548,000 after acquiring an additional 16,404 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in United States Lime & Minerals by 10.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 325,922 shares of the construction company’s stock valued at $39,026,000 after buying an additional 30,462 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in United States Lime & Minerals by 1.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 244,063 shares of the construction company’s stock valued at $32,106,000 after buying an additional 4,495 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in United States Lime & Minerals by 14.4% in the fourth quarter. First Trust Advisors LP now owns 238,921 shares of the construction company’s stock valued at $28,608,000 after buying an additional 30,165 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Stock Up 2.3%

Shares of United States Lime & Minerals stock opened at $108.39 on Friday. The firm has a market cap of $3.11 billion, a P/E ratio of 23.87 and a beta of 0.70. United States Lime & Minerals, Inc. has a fifty-two week low of $94.02 and a fifty-two week high of $141.43. The business has a 50-day moving average price of $117.99 and a 200 day moving average price of $120.28.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.14). The firm had revenue of $87.83 million during the quarter, compared to the consensus estimate of $102.00 million. United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. United States Lime & Minerals’s payout ratio is currently 5.29%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of United States Lime & Minerals in a report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently 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.