First Trust Advisors LP Boosts Stock Position in United States Lime & Minerals, Inc. $USLM

First Trust Advisors LP increased its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 85.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 441,951 shares of the construction company’s stock after purchasing an additional 203,030 shares during the period. First Trust Advisors LP’s holdings in United States Lime & Minerals were worth $57,723,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in United States Lime & Minerals during the fourth quarter valued at $29,000. Quarry LP bought a new stake in shares of United States Lime & Minerals in the 3rd quarter worth about $33,000. Empowered Funds LLC bought a new stake in shares of United States Lime & Minerals in the 4th quarter worth about $42,000. Comerica Bank purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at about $85,000. Finally, Fifth Third Bancorp purchased a new stake in shares of United States Lime & Minerals during the 1st quarter valued at about $90,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

United States Lime & Minerals Stock Performance

NASDAQ USLM opened at $110.99 on Friday. The business’s 50 day moving average price is $106.58 and its 200-day moving average price is $116.59. United States Lime & Minerals, Inc. has a fifty-two week low of $94.76 and a fifty-two week high of $141.43. The company has a market cap of $3.18 billion, a P/E ratio of 24.45 and a beta of 0.72.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14). The company had revenue of $87.83 million during the quarter, compared to the consensus estimate of $102.00 million. United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.29%.

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.