Envestnet Asset Management Inc. Takes $2.78 Million Position in United States Lime & Minerals, Inc. $USLM

Envestnet Asset Management Inc. acquired a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,158 shares of the construction company’s stock, valued at approximately $2,783,000. Envestnet Asset Management Inc. owned 0.07% of United States Lime & Minerals as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USLM. Exchange Traded Concepts LLC purchased a new position in United States Lime & Minerals in the 3rd quarter worth approximately $26,000. Blue Trust Inc. bought a new stake in shares of United States Lime & Minerals during the third quarter valued at approximately $35,000. Meeder Asset Management Inc. purchased a new position in shares of United States Lime & Minerals in the third quarter worth $52,000. Cornerstone Planning Group LLC purchased a new position in shares of United States Lime & Minerals in the third quarter worth $86,000. Finally, Amica Mutual Insurance Co. bought a new position in shares of United States Lime & Minerals during the second quarter worth $67,000. Institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

United States Lime & Minerals Stock Performance

USLM stock opened at $112.85 on Thursday. The firm has a fifty day moving average price of $120.75 and a 200 day moving average price of $122.61. United States Lime & Minerals, Inc. has a fifty-two week low of $80.47 and a fifty-two week high of $137.96. The firm has a market cap of $3.23 billion, a PE ratio of 24.16 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM) last released 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 the consensus estimate 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 given a $0.06 dividend. The ex-dividend date is Friday, February 20th. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.14%.

United States Lime & Minerals Profile

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.