Cardinal Capital Management Reduces Holdings in United States Lime & Minerals, Inc. $USLM

Cardinal Capital Management reduced its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,533 shares of the construction company’s stock after selling 12,961 shares during the quarter. Cardinal Capital Management owned about 0.16% of United States Lime & Minerals worth $5,858,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of United States Lime & Minerals during the third quarter worth about $26,000. Blue Trust Inc. acquired a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at about $35,000. Amica Mutual Insurance Co. purchased a new position in United States Lime & Minerals during the 2nd quarter worth approximately $67,000. Osaic Holdings Inc. increased its position in United States Lime & Minerals by 69.5% during the second quarter. Osaic Holdings Inc. now owns 939 shares of the construction company’s stock worth $94,000 after buying an additional 385 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in United States Lime & Minerals during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of United States Lime & Minerals in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

United States Lime & Minerals Stock Down 0.1%

NASDAQ USLM opened at $127.29 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 27.98 and a beta of 0.97. United States Lime & Minerals, Inc. has a 52-week low of $80.47 and a 52-week high of $137.96. The business’s 50-day moving average price is $121.82 and its 200 day moving average price is $119.05.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. United States Lime & Minerals had a return on equity of 23.82% and a net margin of 35.83%.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, November 21st. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.27%.

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.