Advisors Asset Management Inc. Acquires 14,269 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• Advisors Asset Management Inc. increased its stake in United States Lime & Minerals by 29.6%, acquiring an additional 14,269 shares, bringing its total holding to 62,539 shares valued at approximately $5.5 million.
• United States Lime & Minerals recently declared a quarterly dividend of $0.06 per share, with an annualized yield of 0.2%, payable on September 12th to investors of record as of August 22nd.
• The company's quarterly earnings fell short of expectations, reporting $1.07 earnings per share against a consensus estimate of $1.14, alongside a revenue of $91.52 million versus anticipated $101 million.

Advisors Asset Management Inc. raised its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 29.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,539 shares of the construction company's stock after buying an additional 14,269 shares during the quarter. Advisors Asset Management Inc. owned about 0.22% of United States Lime & Minerals worth $5,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in USLM. Amundi acquired a new stake in shares of United States Lime & Minerals during the first quarter worth $354,000. Cubist Systematic Strategies LLC raised its stake in shares of United States Lime & Minerals by 615.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 60,681 shares of the construction company's stock valued at $5,363,000 after purchasing an additional 52,196 shares during the period. Alpine Global Management LLC bought a new stake in shares of United States Lime & Minerals in the first quarter valued at about $222,000. Trexquant Investment LP bought a new stake in shares of United States Lime & Minerals in the first quarter valued at about $1,173,000. Finally, Walleye Capital LLC boosted its position in shares of United States Lime & Minerals by 405.6% during the first quarter. Walleye Capital LLC now owns 32,882 shares of the construction company's stock worth $2,906,000 after buying an additional 26,378 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

USLM traded up $2.07 on Friday, hitting $123.06. 130,437 shares of the company were exchanged, compared to its average volume of 126,071. The stock's fifty day moving average is $111.00 and its 200-day moving average is $101.16. United States Lime & Minerals, Inc. has a 12 month low of $75.33 and a 12 month high of $159.53. The company has a market cap of $3.52 billion, a PE ratio of 28.22 and a beta of 1.02.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). United States Lime & Minerals had a return on equity of 24.24% and a net margin of 35.57%.The company had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given 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 is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio is 5.50%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered United States Lime & Minerals from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Insider Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 12,100 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $119.50, for a total value of $1,445,950.00. Following the completion of the sale, the chief executive officer owned 86,432 shares in the company, valued at $10,328,624. This trade represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.46% of the stock is currently owned by corporate insiders.

United States Lime & Minerals Profile

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.