BlackRock Inc. Takes Position in United States Lime & Minerals, Inc. $USLM

Key Points

• BlackRock acquired 1.67 million shares of United States Lime & Minerals during the second quarter, worth about $174.4 million and representing a 5.81% stake. Other institutional investors also increased their positions, bringing total institutional ownership to 27.12%.
• USLM shares opened at $119.66, up 1.3%, but the company’s latest quarterly results missed expectations: earnings were $1.20 per share versus $1.30 estimated, while revenue was $99.13 million versus $108 million expected.
• Analyst sentiment is cautious, with Weiss Ratings downgrading the stock from “buy” to “hold” and the overall analyst consensus at “Hold.” The company declared a quarterly dividend of $0.06 per share, yielding approximately 0.2%.

BlackRock Inc. bought a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,666,090 shares of the construction company's stock, valued at approximately $174,390,000. BlackRock Inc. owned approximately 5.81% of United States Lime & Minerals as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Amundi bought a new position in shares of United States Lime & Minerals in the first quarter worth approximately $354,000. Millennium Management LLC raised its holdings in United States Lime & Minerals by 202.9% during the first quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock valued at $17,092,000 after acquiring an additional 129,534 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of 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 in the last quarter. Jane Street Group LLC lifted its position in shares of 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 in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of United States Lime & Minerals by 281.5% in 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 during the period. Institutional investors own 27.12% of the company's stock.

Wall Street Analyst Weigh In

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

United States Lime & Minerals Trading Up 1.3%

Shares of NASDAQ USLM opened at $119.66 on Friday. The firm's 50-day moving average price is $111.09 and its 200-day moving average price is $115.18. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 25.62 and a beta of 0.72. United States Lime & Minerals, Inc. has a 12-month low of $96.27 and a 12-month high of $141.43.

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

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 21st. United States Lime & Minerals's dividend payout ratio is presently 5.14%.

United States Lime & Minerals Profile

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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