United States Lime & Minerals, Inc. $USLM Shares Acquired by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its holdings in United States Lime & Minerals by 470.2% during the first quarter, now owning 6,255 shares worth approximately $553,000.
• Several other institutional investors also boosted their stakes, with GAMMA Investing LLC notably raising its position by 10,831.6% in the same period.
• Wall Street analysts downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating following the company's recent earnings report, which showed a missed EPS estimate of $1.07 compared to the expected $1.14.

AlphaQuest LLC boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 470.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,255 shares of the construction company's stock after acquiring an additional 5,158 shares during the quarter. AlphaQuest LLC's holdings in United States Lime & Minerals were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Capital Analysts LLC acquired a new stake in shares of United States Lime & Minerals in the 1st quarter valued at approximately $299,000. Hsbc Holdings PLC lifted its holdings in shares of United States Lime & Minerals by 255.9% in the 1st quarter. Hsbc Holdings PLC now owns 6,107 shares of the construction company's stock valued at $538,000 after buying an additional 4,391 shares during the period. Quantbot Technologies LP lifted its holdings in shares of United States Lime & Minerals by 38.3% in the 1st quarter. Quantbot Technologies LP now owns 12,169 shares of the construction company's stock valued at $1,075,000 after buying an additional 3,373 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of United States Lime & Minerals by 12.5% in the 1st quarter. Aptus Capital Advisors LLC now owns 37,411 shares of the construction company's stock valued at $3,306,000 after buying an additional 4,155 shares during the period. Finally, FCG Investment Co acquired a new stake in shares of United States Lime & Minerals in the 1st quarter valued at approximately $497,000. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Price Performance

United States Lime & Minerals stock traded up $1.77 during mid-day trading on Thursday, hitting $126.29. 128,903 shares of the company were exchanged, compared to its average volume of 138,280. The business's 50 day simple moving average is $107.99 and its two-hundred day simple moving average is $100.38. The company has a market capitalization of $3.62 billion, a P/E ratio of 28.97 and a beta of 0.98. United States Lime & Minerals, Inc. has a 12-month low of $74.90 and a 12-month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released 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). The company had revenue of $91.52 million for the quarter, compared to analysts' expectations of $101.00 million. United States Lime & Minerals had a return on equity of 24.24% and a net margin of 35.57%.

United States Lime & Minerals Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.24 annualized dividend 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 cut United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

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.