UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in United States Lime & Minerals, Inc. $USLM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 116.1% during the second quarter, Holdings Channel reports. The fund owned 25,608 shares of the construction company’s stock after acquiring an additional 13,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in United States Lime & Minerals were worth $2,680,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB increased its position in shares of United States Lime & Minerals by 3.3% during the 4th quarter. Handelsbanken Fonder AB now owns 3,100 shares of the construction company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of United States Lime & Minerals by 18.5% in the first quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company’s stock worth $97,000 after buying an additional 116 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of United States Lime & Minerals by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company’s stock worth $237,000 after buying an additional 126 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of United States Lime & Minerals by 2.4% in the first quarter. SG Americas Securities LLC now owns 7,438 shares of the construction company’s stock worth $971,000 after buying an additional 176 shares during the last quarter. Finally, Comerica Bank grew its position in United States Lime & Minerals by 28.6% during the fourth quarter. Comerica Bank now owns 827 shares of the construction company’s stock valued at $99,000 after buying an additional 184 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

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 report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

United States Lime & Minerals Stock Performance

USLM opened at $115.89 on Friday. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 24.82 and a beta of 0.73. The firm’s fifty day moving average is $113.00 and its 200 day moving average is $115.84. United States Lime & Minerals, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate 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 net margin of 35.66% and a return on equity of 20.76%.

United States Lime & Minerals Announces Dividend

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