Swiss National Bank Lowers Holdings in United States Lime & Minerals, Inc. $USLM

Swiss National Bank trimmed its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,200 shares of the construction company’s stock after selling 300 shares during the period. Swiss National Bank owned approximately 0.08% of United States Lime & Minerals worth $1,962,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in USLM. Wells Fargo & Company MN boosted its stake in United States Lime & Minerals by 135.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,989 shares of the construction company’s stock valued at $1,061,000 after purchasing an additional 4,597 shares during the last quarter. Legal & General Group Plc boosted its stake in United States Lime & Minerals by 14.3% during the 4th quarter. Legal & General Group Plc now owns 11,926 shares of the construction company’s stock valued at $1,583,000 after purchasing an additional 1,492 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in United States Lime & Minerals during the 4th quarter valued at $3,612,000. Barclays PLC boosted its stake in United States Lime & Minerals by 6.6% during the 4th quarter. Barclays PLC now owns 22,928 shares of the construction company’s stock valued at $3,043,000 after purchasing an additional 1,416 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in United States Lime & Minerals during the 4th quarter valued at $237,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

United States Lime & Minerals Price Performance

USLM stock opened at $121.52 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of 27.87 and a beta of 0.98. United States Lime & Minerals, Inc. has a 1 year low of $74.90 and a 1 year high of $159.53. The stock’s fifty day moving average price is $106.13 and its 200-day moving average price is $99.90.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). The firm had revenue of $91.52 million during the quarter, compared to analysts’ expectations of $101.00 million. United States Lime & Minerals had a return on equity of 24.24% and a net margin of 35.57%.

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.50%.

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.