AXQ Capital LP Buys Shares of 2,731 United States Lime & Minerals, Inc. $USLM

AXQ Capital LP bought a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,731 shares of the construction company’s stock, valued at approximately $273,000.

A number of other hedge funds have also recently modified their holdings of the company. Amica Mutual Insurance Co. purchased a new position in United States Lime & Minerals during the second quarter worth about $67,000. Covestor Ltd increased its holdings in shares of United States Lime & Minerals by 4,902.8% during the 1st quarter. Covestor Ltd now owns 1,801 shares of the construction company’s stock worth $159,000 after buying an additional 1,765 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of United States Lime & Minerals during the 1st quarter valued at approximately $213,000. Alpine Global Management LLC purchased a new stake in shares of United States Lime & Minerals during the 1st quarter valued at approximately $222,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in United States Lime & Minerals in the first quarter valued at approximately $243,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on USLM. Weiss Ratings restated a “buy (b)” rating on shares of United States Lime & Minerals in a research report on Monday, November 17th. Wall Street Zen cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

United States Lime & Minerals Price Performance

USLM stock opened at $121.21 on Tuesday. The business’s 50-day moving average is $124.89 and its two-hundred day moving average is $114.18. The firm has a market capitalization of $3.47 billion, a P/E ratio of 26.64 and a beta of 1.02. United States Lime & Minerals, Inc. has a 1 year low of $80.47 and a 1 year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. United States Lime & Minerals had a net margin of 35.83% and a return on equity of 24.61%.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.06 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.27%.

Insider Transactions at United States Lime & Minerals

In other news, CEO Timothy W. Byrne sold 12,100 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $119.50, for a total transaction of $1,445,950.00. Following the completion of the transaction, the chief executive officer directly owned 86,432 shares of the company’s stock, valued at approximately $10,328,624. This represents a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.46% of the stock is owned by company insiders.

United States Lime & Minerals 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.