Advisors Asset Management Inc. Increases Position in United States Lime & Minerals, Inc. $USLM

Advisors Asset Management Inc. increased its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 21.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,759 shares of the construction company’s stock after purchasing an additional 11,989 shares during the quarter. Advisors Asset Management Inc. owned 0.24% of United States Lime & Minerals worth $9,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of USLM. Amundi purchased a new position in United States Lime & Minerals during the first quarter valued at $354,000. Millennium Management LLC lifted its position in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after buying an additional 129,534 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of United States Lime & Minerals by 33.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock valued at $25,938,000 after acquiring an additional 73,891 shares during the period. Jane Street Group LLC increased its holdings in United States Lime & Minerals by 67.3% in the 1st quarter. Jane Street Group LLC now owns 51,937 shares of the construction company’s stock worth $4,590,000 after acquiring an additional 20,893 shares in the last quarter. Finally, CWM LLC raised its stake in United States Lime & Minerals by 24.4% during the 2nd quarter. CWM LLC now owns 3,264 shares of the construction company’s stock worth $326,000 after acquiring an additional 641 shares during the period. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Stock Up 0.2%

United States Lime & Minerals stock opened at $107.76 on Thursday. United States Lime & Minerals, Inc. has a twelve month low of $80.47 and a twelve month high of $137.96. The company has a 50 day moving average of $124.10 and a 200-day moving average of $122.50. The stock has a market capitalization of $3.09 billion, a PE ratio of 23.07 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Monday, February 2nd. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.07). United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.73%. The business had revenue of $87.94 million for the quarter, compared to analyst estimates of $97.00 million.

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.14%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.