Cannon Global Investment Management LLC Invests $250,000 in United States Lime & Minerals, Inc. $USLM

Key Points

• Cannon Global Investment Management LLC made a new investment of $250,000 in United States Lime & Minerals, acquiring 2,500 shares during the second quarter.
• Analysts currently have an average rating of "Buy" for USLM, with Weiss Ratings reaffirming a "buy (b-)" rating, while Wall Street Zen downgraded it to a "hold."
• United States Lime & Minerals reported a net margin of 35.57% and a revenue of $91.52 million, missing estimates in its recent earnings report.

Cannon Global Investment Management LLC acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,500 shares of the construction company's stock, valued at approximately $250,000.

Several other hedge funds also recently modified their holdings of USLM. SG Americas Securities LLC increased its holdings in shares of United States Lime & Minerals by 44.2% during the first quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock worth $728,000 after buying an additional 2,526 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of United States Lime & Minerals by 87.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock worth $312,000 after buying an additional 1,643 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of United States Lime & Minerals by 6.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock worth $412,000 after buying an additional 291 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of United States Lime & Minerals by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company's stock valued at $4,580,000 after purchasing an additional 160 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of United States Lime & Minerals in the first quarter valued at approximately $213,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on USLM. Weiss Ratings reissued a "buy (b-)" rating on shares of United States Lime & Minerals in a report on Wednesday, October 8th. Wall Street Zen lowered shares of United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 27,425 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $121.05, for a total value of $3,319,796.25. Following the transaction, the chief executive officer directly owned 98,532 shares of the company's stock, valued at approximately $11,927,298.60. This trade represents a 21.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.46% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of USLM stock opened at $132.52 on Friday. United States Lime & Minerals, Inc. has a 52-week low of $80.47 and a 52-week high of $159.53. The stock has a market cap of $3.80 billion, a PE ratio of 30.39 and a beta of 1.02. The firm's 50 day moving average price is $124.59 and its two-hundred day moving average price is $108.35.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The construction company reported $1.07 earnings per share (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 business had revenue of $91.52 million during the quarter, compared to the consensus estimate of $101.00 million.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 22nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.50%.

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.

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