Millennium Management LLC Raises Stock Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Millennium Management LLC lifted its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 1,631.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,854 shares of the construction company’s stock after buying an additional 60,166 shares during the quarter. Millennium Management LLC owned about 0.22% of United States Lime & Minerals worth $8,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in USLM. Barclays PLC increased its holdings in United States Lime & Minerals by 1,182.8% in the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company’s stock worth $2,101,000 after acquiring an additional 19,835 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of United States Lime & Minerals by 454.5% in the third quarter. JPMorgan Chase & Co. now owns 10,697 shares of the construction company’s stock worth $1,045,000 after purchasing an additional 8,768 shares in the last quarter. Stonegate Investment Group LLC purchased a new stake in shares of United States Lime & Minerals in the fourth quarter worth $234,000. OLD National Bancorp IN bought a new stake in shares of United States Lime & Minerals during the 4th quarter valued at $332,000. Finally, Silver Oak Securities Incorporated purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at $291,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd.

United States Lime & Minerals Trading Down 1.9%

NASDAQ:USLM opened at $102.63 on Monday. The stock has a 50-day moving average price of $94.57 and a 200 day moving average price of $112.45. The stock has a market capitalization of $2.94 billion, a P/E ratio of 27.05 and a beta of 0.97. United States Lime & Minerals, Inc. has a 12-month low of $64.25 and a 12-month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $91.25 million during the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a $0.06 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. United States Lime & Minerals’s dividend payout ratio is currently 5.71%.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.