AlphaQuest LLC Boosts Stock Holdings in United States Lime & Minerals, Inc. $USLM

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 lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 470.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,255 shares of the construction company's stock after buying 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 (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Select Equity Group L.P. grew its holdings in United States Lime & Minerals by 46.3% in the fourth quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock worth $43,586,000 after purchasing an additional 103,948 shares during the period. Vanguard Group Inc. grew its holdings in United States Lime & Minerals by 13.2% in the first quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock worth $71,444,000 after purchasing an additional 94,149 shares during the period. Millennium Management LLC grew its holdings in United States Lime & Minerals by 1,631.4% in the fourth quarter. Millennium Management LLC now owns 63,854 shares of the construction company's stock worth $8,476,000 after purchasing an additional 60,166 shares during the period. Algert Global LLC grew its holdings in United States Lime & Minerals by 425.0% in the fourth quarter. Algert Global LLC now owns 40,160 shares of the construction company's stock worth $5,331,000 after purchasing an additional 32,510 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in United States Lime & Minerals by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock worth $67,372,000 after purchasing an additional 28,947 shares during the period. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Trading Down 0.3%

USLM traded down $0.37 during midday trading on Friday, reaching $125.92. The company's stock had a trading volume of 229,021 shares, compared to its average volume of 131,911. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 28.88 and a beta of 1.02. United States Lime & Minerals, Inc. has a 1 year low of $74.90 and a 1 year high of $159.53. The stock's 50-day moving average is $108.61 and its 200-day moving average is $100.50.

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 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 for the quarter, compared to analysts' expectations 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. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals's dividend payout ratio is presently 5.50%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 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.