19,583 Shares in United States Lime & Minerals, Inc. $USLM Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 19,583 shares of United States Lime & Minerals during the second quarter, valued at approximately $2.05 million and representing about 0.07% of the company. Institutional investors collectively own 27.12% of USLM.
• Weiss Ratings downgraded USLM from “buy (b-)” to “hold (c+),” while the company’s overall analyst consensus remains Hold.
• USLM reported quarterly EPS of $1.20, below the $1.30 consensus estimate, and revenue of $99.13 million versus expectations of $108 million. The company declared a quarterly dividend of $0.06 per share, equating to a 0.2% yield.

Corient Private Wealth LP bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,583 shares of the construction company's stock, valued at approximately $2,050,000. Corient Private Wealth LP owned approximately 0.07% of United States Lime & Minerals as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its stake in shares of United States Lime & Minerals by 3.3% in the fourth quarter. Handelsbanken Fonder AB now owns 3,100 shares of the construction company's stock worth $371,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in United States Lime & Minerals by 18.5% in the first quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company's stock valued at $97,000 after purchasing an additional 116 shares during the period. ProShare Advisors LLC boosted its holdings in United States Lime & Minerals by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company's stock valued at $237,000 after purchasing an additional 126 shares during the period. SG Americas Securities LLC boosted its holdings in United States Lime & Minerals by 2.4% in the first quarter. SG Americas Securities LLC now owns 7,438 shares of the construction company's stock valued at $971,000 after purchasing an additional 176 shares during the period. Finally, Comerica Bank grew its stake in United States Lime & Minerals by 28.6% during the 4th quarter. Comerica Bank now owns 827 shares of the construction company's stock worth $99,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded United States Lime & Minerals from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, United States Lime & Minerals presently has a consensus rating of "Hold".

United States Lime & Minerals Stock Up 0.4%

Shares of NASDAQ:USLM opened at $115.47 on Thursday. United States Lime & Minerals, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $141.43. The firm's 50 day moving average price is $111.71 and its 200 day moving average price is $115.46. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 24.73 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.The firm had revenue of $99.13 million for the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals's payout ratio is presently 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.

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