Cardinal Capital Management Lowers Stock Position in United States Lime & Minerals, Inc. $USLM

Cardinal Capital Management decreased its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,533 shares of the construction company’s stock after selling 12,961 shares during the period. Cardinal Capital Management’s holdings in United States Lime & Minerals were worth $5,858,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Copeland Capital Management LLC purchased a new stake in shares of United States Lime & Minerals in the third quarter valued at approximately $19,916,000. First Trust Advisors LP lifted its holdings in United States Lime & Minerals by 281.5% in the second quarter. First Trust Advisors LP now owns 192,869 shares of the construction company’s stock valued at $19,248,000 after acquiring an additional 142,308 shares during the period. Millennium Management LLC lifted its holdings in United States Lime & Minerals by 202.9% in the first quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after acquiring an additional 129,534 shares during the period. Goldman Sachs Group Inc. boosted its position 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 worth $25,938,000 after purchasing an additional 73,891 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of United States Lime & Minerals by 24.5% during the 2nd 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 during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Down 0.1%

Shares of USLM stock opened at $127.29 on Friday. The stock has a market cap of $3.65 billion, a P/E ratio of 27.98 and a beta of 0.97. United States Lime & Minerals, Inc. has a fifty-two week low of $80.47 and a fifty-two week high of $137.96. The business has a fifty day simple moving average of $121.82 and a 200-day simple moving average of $119.05.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. United States Lime & Minerals had a net margin of 35.83% and a return on equity of 23.82%.

United States Lime & Minerals Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of United States Lime & Minerals in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, United States Lime & Minerals has a consensus rating of “Buy”.

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.