Canada Pension Plan Investment Board Invests $1.56 Million in United States Lime & Minerals, Inc. $USLM

Key Points

• Canada Pension Plan Investment Board initiated a position in United States Lime & Minerals, purchasing 14,900 shares valued at approximately $1.56 million. Institutional investors collectively owned 27.12% of the company at quarter-end.
• United States Lime & Minerals reported quarterly earnings of $1.20 per share and revenue of $99.13 million, missing analyst estimates of $1.30 per share and $108 million, respectively.
• Weiss Ratings downgraded the stock from “buy” to “hold,” matching the broader consensus Hold rating. The company declared a quarterly dividend of $0.06 per share, implying a 0.2% yield.

Canada Pension Plan Investment Board bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,900 shares of the construction company's stock, valued at approximately $1,560,000. Canada Pension Plan Investment Board owned about 0.05% of United States Lime & Minerals at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. First Trust Advisors LP increased its position in United States Lime & Minerals by 85.0% during the 1st quarter. First Trust Advisors LP now owns 441,951 shares of the construction company's stock valued at $57,723,000 after purchasing an additional 203,030 shares during the period. BlackRock Inc. bought a new position in United States Lime & Minerals in the second quarter worth approximately $174,390,000. Walleye Capital LLC bought a new position in United States Lime & Minerals in the first quarter worth approximately $1,258,000. William Blair Investment Management LLC purchased a new stake in United States Lime & Minerals during the second quarter worth $17,782,000. Finally, Diamond Hill Capital Management Inc. boosted its position in United States Lime & Minerals by 7.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,935 shares of the construction company's stock valued at $8,494,000 after acquiring an additional 5,051 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Price Performance

NASDAQ USLM opened at $118.13 on Tuesday. United States Lime & Minerals, Inc. has a 1 year low of $96.27 and a 1 year high of $141.43. The company has a market capitalization of $3.39 billion, a PE ratio of 25.30 and a beta of 0.72. The company has a fifty day moving average of $111.36 and a 200 day moving average of $115.34.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). The company had revenue of $99.13 million for the quarter, compared to analyst estimates 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors 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 of this dividend is Friday, August 21st. United States Lime & Minerals's dividend payout ratio (DPR) is 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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