Man Group plc Purchases Shares of 4,459 United States Lime & Minerals, Inc. $USLM

Man Group plc acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,459 shares of the construction company’s stock, valued at approximately $467,000.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of United States Lime & Minerals in the 4th quarter valued at $29,000. Quarry LP acquired a new stake in United States Lime & Minerals during the third quarter valued at $33,000. Empowered Funds LLC acquired a new stake in United States Lime & Minerals during the fourth quarter valued at $42,000. Comerica Bank purchased a new position in United States Lime & Minerals in the third quarter valued at $85,000. Finally, Fifth Third Bancorp purchased a new position in United States Lime & Minerals in the first quarter valued at $90,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of 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, Based on data from MarketBeat, United States Lime & Minerals has a consensus rating of “Hold”.

United States Lime & Minerals Trading Up 0.7%

Shares of USLM opened at $116.69 on Friday. The firm has a market cap of $3.35 billion, a P/E ratio of 24.99 and a beta of 0.73. United States Lime & Minerals, Inc. has a 12 month low of $96.27 and a 12 month high of $141.43. The stock’s 50 day moving average is $112.09 and its two-hundred day moving average is $115.52.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.The business had revenue of $99.13 million for the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.14%.

United States Lime & Minerals Company 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.