United States Lime & Minerals (NASDAQ:USLM) Announces Earnings Results

United States Lime & Minerals (NASDAQ:USLM) released its quarterly earnings data on Wednesday. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10), FiscalAI reports. United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.The business had revenue of $99.13 million during the quarter, compared to analysts’ expectations of $108.00 million.

United States Lime & Minerals Stock Performance

Shares of United States Lime & Minerals stock traded down $0.74 during trading on Wednesday, hitting $113.00. The company’s stock had a trading volume of 247,151 shares, compared to its average volume of 160,575. United States Lime & Minerals has a 52 week low of $94.76 and a 52 week high of $141.43. The company has a market capitalization of $3.24 billion, a PE ratio of 24.89 and a beta of 0.72. The company has a fifty day simple moving average of $107.01 and a two-hundred day simple moving average of $116.34.

Hedge Funds Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Select Equity Group L.P. increased its position in United States Lime & Minerals by 4.8% during the 2nd quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock valued at $35,548,000 after buying an additional 16,404 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of United States Lime & Minerals by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 326,142 shares of the construction company’s stock worth $39,053,000 after acquiring an additional 10,828 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of United States Lime & Minerals by 10.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 325,922 shares of the construction company’s stock valued at $39,026,000 after acquiring an additional 30,462 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in United States Lime & Minerals by 1.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 244,063 shares of the construction company’s stock worth $32,106,000 after purchasing an additional 4,495 shares in the last quarter. Finally, First Trust Advisors LP grew its position in United States Lime & Minerals by 14.4% during the 4th quarter. First Trust Advisors LP now owns 238,921 shares of the construction company’s stock valued at $28,608,000 after purchasing an additional 30,165 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.