Sigma Planning Corp Acquires New Stake in United States Lime & Minerals, Inc. $USLM

Sigma Planning Corp bought a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the construction company’s stock, valued at approximately $1,047,000.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in United States Lime & Minerals in the fourth quarter valued at approximately $29,000. Quarry LP bought a new stake in United States Lime & Minerals during the 3rd quarter valued at $33,000. Empowered Funds LLC purchased a new stake in United States Lime & Minerals during the 4th quarter valued at $42,000. Comerica Bank bought a new stake in United States Lime & Minerals in the 3rd quarter worth $85,000. Finally, Fifth Third Bancorp bought a new stake in United States Lime & Minerals in the 1st quarter worth $90,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, United States Lime & Minerals presently has a consensus rating of “Hold”.

United States Lime & Minerals Stock Down 2.6%

NASDAQ USLM opened at $115.05 on Wednesday. The business has a 50-day moving average price of $111.54 and a 200-day moving average price of $115.39. United States Lime & Minerals, Inc. has a twelve month low of $96.27 and a twelve month high of $141.43. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 24.64 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM) last issued 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). The business had revenue of $99.13 million during the quarter, compared to analysts’ expectations of $108.00 million. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 21st. 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 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.