Algert Global LLC Purchases 36,077 Shares of United States Lime & Minerals, Inc. $USLM

Algert Global LLC raised its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 43.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,211 shares of the construction company’s stock after buying an additional 36,077 shares during the period. Algert Global LLC owned 0.41% of United States Lime & Minerals worth $15,551,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in shares of United States Lime & Minerals during the third quarter worth approximately $26,000. Blue Trust Inc. acquired a new position in shares of United States Lime & Minerals in the 3rd quarter worth approximately $35,000. Amica Retiree Medical Trust boosted its holdings in shares of United States Lime & Minerals by 413.8% in the 3rd quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after acquiring an additional 269 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in United States Lime & Minerals during the 3rd quarter worth approximately $52,000. Finally, PNC Financial Services Group Inc. grew its position in United States Lime & Minerals by 54,900.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 550 shares of the construction company’s stock worth $72,000 after acquiring an additional 549 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, United States Lime & Minerals presently has a consensus rating of “Buy”.

United States Lime & Minerals Stock Up 2.3%

Shares of USLM opened at $119.23 on Friday. The stock’s fifty day simple moving average is $119.39 and its 200-day simple moving average is $122.75. The firm has a market capitalization of $3.42 billion, a PE ratio of 25.53 and a beta of 0.98. United States Lime & Minerals, Inc. has a 12-month low of $80.47 and a 12-month high of $137.96.

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 analysts’ consensus estimates of $1.13 by ($0.07). The firm had revenue of $87.94 million during the quarter, compared to analyst estimates of $97.00 million. United States Lime & Minerals had a return on equity of 23.07% and a net margin of 36.03%.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 20th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s payout ratio 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.