Bank of New York Mellon Corp Takes Position in United States Lime & Minerals, Inc. $USLM

Key Points

• Bank of New York Mellon acquired 91,653 shares of United States Lime & Minerals valued at approximately $9.6 million, giving it a 0.32% stake. Other institutional investors also increased their positions, with institutions collectively owning 27.12% of the company.
• United States Lime & Minerals reported quarterly earnings of $1.20 per share and revenue of $99.13 million, missing analyst estimates of $1.30 EPS and $108 million in revenue.
• The stock opened at $115.47 and has a consensus “Hold” rating after Weiss Ratings downgraded it. The company declared a quarterly dividend of $0.06 per share, equivalent to a 0.2% yield.

Bank of New York Mellon Corp purchased a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 91,653 shares of the construction company's stock, valued at approximately $9,593,000. Bank of New York Mellon Corp owned approximately 0.32% of United States Lime & Minerals at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Amundi acquired a new position in shares of United States Lime & Minerals in the 1st quarter worth approximately $354,000. Millennium Management LLC boosted its stake in United States Lime & Minerals by 202.9% in the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock valued at $17,092,000 after buying an additional 129,534 shares in the last quarter. Goldman Sachs Group Inc. grew its position in United States Lime & Minerals by 33.6% in the first quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company's stock valued at $25,938,000 after acquiring an additional 73,891 shares during the period. Jane Street Group LLC grew its position in United States Lime & Minerals by 67.3% in the first quarter. Jane Street Group LLC now owns 51,937 shares of the construction company's stock valued at $4,590,000 after acquiring an additional 20,893 shares during the period. Finally, First Trust Advisors LP raised its stake in United States Lime & Minerals by 281.5% during the second quarter. First Trust Advisors LP now owns 192,869 shares of the construction company's stock worth $19,248,000 after acquiring an additional 142,308 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of USLM stock opened at $115.47 on Thursday. The firm's 50 day moving average price is $111.71 and its two-hundred day moving average price is $115.46. United States Lime & Minerals, Inc. has a 52-week low of $96.27 and a 52-week high of $141.43. The stock has a market cap of $3.31 billion, a PE ratio of 24.73 and a beta of 0.73.

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

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 21st. United States Lime & Minerals's dividend payout ratio (DPR) is currently 5.14%.

Analyst Upgrades and Downgrades

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

About United States Lime & Minerals

United States Lime & Minerals, Inc NASDAQ: USLM is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.

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