Bank of America Corp DE Buys 42,503 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• Bank of America acquired 42,503 shares of United States Lime & Minerals worth approximately $4.45 million, representing about 0.15% of the company. Institutional investors collectively own 27.12% of USLM.
• USLM reported quarterly EPS of $1.20, below the $1.30 analyst consensus, while revenue of $99.13 million also missed expectations of $108 million. The stock opened at $111.32, with a market capitalization of approximately $3.19 billion.
• Weiss Ratings downgraded the stock from “buy” to “hold,” matching the current consensus rating. The company paid a quarterly dividend of $0.06 per share, equivalent to a 0.2% yield.

Bank of America Corp DE acquired a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,503 shares of the construction company's stock, valued at approximately $4,449,000. Bank of America Corp DE owned about 0.15% of United States Lime & Minerals as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in United States Lime & Minerals by 18.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 743 shares of the construction company's stock valued at $97,000 after acquiring an additional 116 shares during the period. ProShare Advisors LLC grew its position in United States Lime & Minerals by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company's stock worth $237,000 after purchasing an additional 126 shares during the period. SG Americas Securities LLC raised its stake in shares of United States Lime & Minerals by 2.4% during the 1st quarter. SG Americas Securities LLC now owns 7,438 shares of the construction company's stock valued at $971,000 after buying an additional 176 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of United States Lime & Minerals by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 47,381 shares of the construction company's stock worth $5,673,000 after buying an additional 196 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of United States Lime & Minerals by 3.0% in the first quarter. Principal Financial Group Inc. now owns 19,737 shares of the construction company's stock worth $2,578,000 after buying an additional 583 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Transactions at United States Lime & Minerals

In other news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the business's stock in a transaction on Wednesday, September 9th. The stock was bought at an average cost of $110.00 per share, for a total transaction of $2,200,000.00. Following the purchase, the insider owned 17,673,780 shares in the company, valued at approximately $1,944,115,800. This represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Antoine M. Doumet sold 20,000 shares of United States Lime & Minerals stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the director directly owned 90,000 shares in the company, valued at $9,900,000. This represents a 18.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.50% of the company's stock.

United States Lime & Minerals Price Performance

United States Lime & Minerals stock opened at $111.32 on Tuesday. The stock has a market capitalization of $3.19 billion, a PE ratio of 23.84 and a beta of 0.73. United States Lime & Minerals, Inc. has a 12 month low of $96.27 and a 12 month high of $141.43. The business has a 50 day simple moving average of $115.50 and a 200-day simple moving average of $115.49.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.10). The business had revenue of $99.13 million for the quarter, compared to analysts' expectations of $108.00 million. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%.

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 21st. United States Lime & Minerals's dividend payout ratio is 5.14%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered United States Lime & Minerals from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

About United States Lime & Minerals

United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.

Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.

United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.

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