Rhumbline Advisers Raises Position in United States Lime & Minerals, Inc. $USLM

Rhumbline Advisers grew its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 25.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,014 shares of the construction company’s stock after acquiring an additional 4,467 shares during the period. Rhumbline Advisers’ holdings in United States Lime & Minerals were worth $2,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of USLM. SG Americas Securities LLC purchased a new position in shares of United States Lime & Minerals in the 3rd quarter valued at about $1,093,000. Geode Capital Management LLC lifted its stake in United States Lime & Minerals by 2.8% in the second quarter. Geode Capital Management LLC now owns 333,677 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 9,136 shares during the last quarter. Cadent Capital Advisors LLC acquired a new position in United States Lime & Minerals during the 3rd quarter worth approximately $1,826,000. Franklin Resources Inc. increased its position in shares of United States Lime & Minerals by 146.5% in the 2nd quarter. Franklin Resources Inc. now owns 47,166 shares of the construction company’s stock valued at $4,707,000 after purchasing an additional 28,030 shares during the last quarter. Finally, Amica Mutual Insurance Co. purchased a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at approximately $67,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Stock Up 1.0%

Shares of United States Lime & Minerals stock opened at $113.97 on Friday. United States Lime & Minerals, Inc. has a 52 week low of $80.47 and a 52 week high of $137.96. The firm’s 50 day moving average is $120.48 and its two-hundred day moving average is $122.55. The firm has a market capitalization of $3.26 billion, a P/E ratio of 24.40 and a beta of 0.98.

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

United States Lime & Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.14%.

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.