Copeland Capital Management LLC Invests $19.92 Million in United States Lime & Minerals, Inc. $USLM

Copeland Capital Management LLC purchased a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) in the 3rd quarter, HoldingsChannel reports. The firm purchased 151,396 shares of the construction company’s stock, valued at approximately $19,916,000.

A number of other large investors also recently bought and sold shares of the business. William Blair Investment Management LLC boosted its position in United States Lime & Minerals by 24.5% during the second quarter. William Blair Investment Management LLC now owns 357,690 shares of the construction company’s stock worth $35,697,000 after purchasing an additional 70,457 shares in the last quarter. Select Equity Group L.P. raised its stake in shares of United States Lime & Minerals by 4.8% during the 2nd quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock worth $35,548,000 after buying an additional 16,404 shares during the period. Geode Capital Management LLC lifted its position in shares of United States Lime & Minerals by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 333,677 shares of the construction company’s stock valued at $33,304,000 after buying an additional 9,136 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 73,891 shares during the period. Finally, Millennium Management LLC increased its holdings in United States Lime & Minerals by 202.9% in the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock worth $17,092,000 after acquiring an additional 129,534 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

United States Lime & Minerals Stock Performance

Shares of USLM opened at $125.06 on Tuesday. The stock has a 50 day moving average price of $123.02 and a 200 day moving average price of $117.92. United States Lime & Minerals, Inc. has a one year low of $80.47 and a one year high of $137.96. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 27.49 and a beta of 0.96.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.35 earnings per share for the quarter, beating 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 21st. United States Lime & Minerals’s dividend payout ratio is currently 5.27%.

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.