Rhumbline Advisers Increases Stock Holdings in United States Lime & Minerals, Inc. $USLM

Rhumbline Advisers increased its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 25.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,014 shares of the construction company’s stock after purchasing an additional 4,467 shares during the period. Rhumbline Advisers owned 0.08% of United States Lime & Minerals worth $2,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of USLM. AlphaQuest LLC increased its holdings in shares of United States Lime & Minerals by 3.3% during the 3rd quarter. AlphaQuest LLC now owns 2,830 shares of the construction company’s stock worth $372,000 after buying an additional 90 shares during the last quarter. Kaizen Financial Strategies grew its position in United States Lime & Minerals by 1.7% in the second quarter. Kaizen Financial Strategies now owns 5,991 shares of the construction company’s stock worth $598,000 after acquiring an additional 100 shares during the period. Covestor Ltd increased its stake in United States Lime & Minerals by 5.6% during the third quarter. Covestor Ltd now owns 2,264 shares of the construction company’s stock worth $298,000 after acquiring an additional 121 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in United States Lime & Minerals in the third quarter valued at $26,000. Finally, Moran Wealth Management LLC raised its position in United States Lime & Minerals by 3.0% in the third quarter. Moran Wealth Management LLC now owns 8,011 shares of the construction company’s stock valued at $1,054,000 after purchasing an additional 233 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Stock Up 1.0%

NASDAQ:USLM opened at $113.97 on Friday. The stock’s fifty day moving average is $120.48 and its two-hundred day moving average is $122.55. United States Lime & Minerals, Inc. has a 52 week low of $80.47 and a 52 week high of $137.96. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.40 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Monday, February 2nd. The construction company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.73%. The firm had revenue of $87.94 million during the quarter, compared to analyst estimates of $97.00 million.

United States Lime & Minerals Dividend Announcement

The firm also recently declared 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. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 20th. United States Lime & Minerals’s dividend payout ratio is currently 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.