Advisors Asset Management Inc. Increases Stake in United States Lime & Minerals, Inc. $USLM

Advisors Asset Management Inc. grew its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 21.1% during the 3rd quarter, Holdings Channel reports. The fund owned 68,759 shares of the construction company’s stock after buying an additional 11,989 shares during the quarter. Advisors Asset Management Inc.’s holdings in United States Lime & Minerals were worth $9,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC grew its position in shares of United States Lime & Minerals by 24.5% in the second quarter. William Blair Investment Management LLC now owns 357,690 shares of the construction company’s stock valued at $35,697,000 after purchasing an additional 70,457 shares during the last quarter. Select Equity Group L.P. boosted its stake in shares of United States Lime & Minerals by 4.8% during the second quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock valued at $35,548,000 after acquiring an additional 16,404 shares during the last quarter. Geode Capital Management LLC increased its position in 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 worth $33,304,000 after purchasing an additional 9,136 shares in the last quarter. Goldman Sachs Group Inc. increased its position in 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, Millennium Management LLC raised its stake 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 valued at $17,092,000 after purchasing an additional 129,534 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Up 0.2%

USLM opened at $107.76 on Thursday. The company has a market capitalization of $3.09 billion, a PE ratio of 23.07 and a beta of 0.98. The firm has a 50-day simple moving average of $124.10 and a two-hundred day simple moving average of $122.50. United States Lime & Minerals, Inc. has a 52 week low of $80.47 and a 52 week high of $137.96.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results on Monday, February 2nd. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The business had revenue of $87.94 million for the quarter, compared to analysts’ expectations of $97.00 million. United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.73%.

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, February 20th. United States Lime & Minerals’s dividend payout ratio is currently 5.14%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.