Algert Global LLC Has $5.36 Million Stake in United States Lime & Minerals, Inc. $USLM

Key Points

• Algert Global LLC has increased its stake in United States Lime & Minerals, Inc. by 50.9%, now owning 60,604 shares valued at approximately $5.36 million.
• The company reported EPS of $1.07 for the last quarter, which fell short of analyst estimates of $1.14.
• A quarterly dividend of $0.06 per share has been announced, with an annualized yield of 0.2% and a dividend payout ratio of 5.50%.

Algert Global LLC boosted its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 50.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,604 shares of the construction company's stock after buying an additional 20,444 shares during the quarter. Algert Global LLC owned approximately 0.21% of United States Lime & Minerals worth $5,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USLM. Select Equity Group L.P. lifted its position in United States Lime & Minerals by 46.3% in the 4th quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock worth $43,586,000 after buying an additional 103,948 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of United States Lime & Minerals by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock valued at $71,444,000 after purchasing an additional 94,149 shares in the last quarter. Millennium Management LLC raised its holdings in shares of United States Lime & Minerals by 1,631.4% during the 4th quarter. Millennium Management LLC now owns 63,854 shares of the construction company's stock valued at $8,476,000 after purchasing an additional 60,166 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of United States Lime & Minerals by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock valued at $67,372,000 after purchasing an additional 28,947 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of United States Lime & Minerals during the 4th quarter valued at $3,612,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Price Performance

NASDAQ:USLM traded up $7.23 during midday trading on Friday, reaching $121.52. The stock had a trading volume of 142,835 shares, compared to its average volume of 140,764. United States Lime & Minerals, Inc. has a 1-year low of $74.90 and a 1-year high of $159.53. The firm's fifty day simple moving average is $106.13 and its 200-day simple moving average is $99.82. The stock has a market capitalization of $3.48 billion, a P/E ratio of 27.87 and a beta of 0.98.

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). United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%. The firm had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Dividend Announcement

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

Analysts Set New Price Targets

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

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.