William Blair Investment Management LLC Buys Shares of 169,885 United States Lime & Minerals, Inc. $USLM

William Blair Investment Management LLC bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 169,885 shares of the construction company’s stock, valued at approximately $17,782,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in shares of United States Lime & Minerals during the fourth quarter worth $29,000. Quarry LP acquired a new stake in United States Lime & Minerals in the third quarter valued at $33,000. Empowered Funds LLC acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $42,000. Comerica Bank bought a new position in United States Lime & Minerals during the 3rd quarter worth $85,000. Finally, Fifth Third Bancorp bought a new position in United States Lime & Minerals during the 1st quarter worth $90,000. 27.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Trading Down 1.1%

Shares of NASDAQ USLM opened at $118.89 on Friday. The firm has a market capitalization of $3.41 billion, a P/E ratio of 25.46 and a beta of 0.72. The firm’s 50-day moving average price is $110.41 and its 200-day moving average price is $115.03. United States Lime & Minerals, Inc. has a 1-year low of $96.27 and a 1-year high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 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 analyst estimates of $108.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.06 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is presently 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.