Vanguard Group Inc. Has $111.02 Million Stake in United States Lime & Minerals, Inc. $USLM

Vanguard Group Inc. raised its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 927,176 shares of the construction company’s stock after purchasing an additional 58,980 shares during the period. Vanguard Group Inc.’s holdings in United States Lime & Minerals were worth $111,020,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USLM. Amundi acquired a new position in shares of United States Lime & Minerals in the 1st quarter worth approximately $354,000. Millennium Management LLC lifted its position in shares of United States Lime & Minerals by 202.9% in 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 during the period. Goldman Sachs Group Inc. lifted its position in shares of United States Lime & Minerals by 33.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock worth $25,938,000 after purchasing an additional 73,891 shares during the period. Jane Street Group LLC lifted its position in shares of United States Lime & Minerals by 67.3% in the 1st quarter. Jane Street Group LLC now owns 51,937 shares of the construction company’s stock worth $4,590,000 after purchasing an additional 20,893 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of United States Lime & Minerals by 281.5% in 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 during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

United States Lime & Minerals Stock Down 0.3%

United States Lime & Minerals stock opened at $109.45 on Wednesday. United States Lime & Minerals, Inc. has a 12-month low of $94.02 and a 12-month high of $141.43. The firm’s fifty day moving average is $125.19 and its 200 day moving average is $122.44. The company has a market capitalization of $3.14 billion, a PE ratio of 24.11 and a beta of 0.70.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, April 29th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14). The company had revenue of $87.83 million for the quarter, compared to analyst estimates 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. United States Lime & Minerals’s payout ratio is 5.29%.

Wall Street Analysts Forecast Growth

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

About United States Lime & Minerals

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.