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

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in United States Lime & Minerals by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company's stock worth $4,580,000 after purchasing an additional 160 shares in the last quarter. Cardinal Capital Management raised its stake in United States Lime & Minerals by 0.3% during the 1st quarter. Cardinal Capital Management now owns 58,239 shares of the construction company's stock worth $5,147,000 after acquiring an additional 164 shares during the period. State of Wyoming purchased a new stake in United States Lime & Minerals during the 4th quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of United States Lime & Minerals in the fourth quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in United States Lime & Minerals by 6.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock worth $412,000 after buying an additional 291 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 12,100 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 86,432 shares in the company, valued at approximately $10,328,624. This trade represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.46% of the company's stock.

United States Lime & Minerals Trading Up 1.8%

Shares of NASDAQ:USLM traded up $2.22 during trading on Wednesday, hitting $125.47. 20,464 shares of the stock were exchanged, compared to its average volume of 128,548. The company has a fifty day moving average price of $111.87 and a two-hundred day moving average price of $101.51. The company has a market cap of $3.59 billion, a PE ratio of 28.75 and a beta of 1.02. United States Lime & Minerals, Inc. has a 12-month low of $75.33 and a 12-month high of $159.53.

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

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.50%.

United States Lime & Minerals Company 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.