ArrowMark Colorado Holdings LLC Takes Position in United States Lime & Minerals, Inc. $USLM

ArrowMark Colorado Holdings LLC acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 203,003 shares of the construction company’s stock, valued at approximately $26,705,000. ArrowMark Colorado Holdings LLC owned approximately 0.71% of United States Lime & Minerals as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in USLM. Copeland Capital Management LLC bought a new stake in United States Lime & Minerals in the 3rd quarter valued at $19,916,000. First Trust Advisors LP boosted its stake in United States Lime & Minerals by 281.5% in the 2nd quarter. First Trust Advisors LP now owns 192,869 shares of the construction company’s stock worth $19,248,000 after purchasing an additional 142,308 shares during the period. Millennium Management LLC increased its holdings in 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 worth $17,092,000 after purchasing an additional 129,534 shares in the last quarter. Invesco Ltd. increased its holdings in United States Lime & Minerals by 126.3% during the 3rd quarter. Invesco Ltd. now owns 155,195 shares of the construction company’s stock worth $20,416,000 after purchasing an additional 86,630 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of United States Lime & Minerals by 33.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock valued at $25,938,000 after purchasing an additional 73,891 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Up 2.3%

NASDAQ USLM opened at $119.23 on Friday. The firm’s 50 day moving average is $119.39 and its 200-day moving average is $122.75. The company 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 earnings results on Monday, February 2nd. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.07). The business had revenue of $87.94 million for 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. Shareholders of record on Friday, February 20th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s payout ratio is 5.14%.

United States Lime & Minerals Company 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.