Corient Private Wealth LP Buys 14,566 Shares of United States Lime & Minerals, Inc. $USLM

Corient Private Wealth LP lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 289.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,599 shares of the construction company's stock after acquiring an additional 14,566 shares during the period. Corient Private Wealth LP owned approximately 0.07% of United States Lime & Minerals worth $2,051,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in United States Lime & Minerals in the second quarter worth $174,390,000. First Trust Advisors LP grew its holdings in shares of United States Lime & Minerals by 85.0% in the 1st quarter. First Trust Advisors LP now owns 441,951 shares of the construction company's stock valued at $57,723,000 after buying an additional 203,030 shares during the period. William Blair Investment Management LLC acquired a new position in shares of United States Lime & Minerals in the 2nd quarter valued at $17,782,000. Bank of New York Mellon Corp bought a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at $9,593,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at $7,860,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Down 3.8%

Shares of NASDAQ:USLM opened at $109.41 on Thursday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 23.43 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 company's fifty day simple moving average is $115.24 and its 200 day simple moving average is $115.64.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released 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 firm had revenue of $99.13 million for the quarter, compared to the consensus estimate 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 company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 21st. United States Lime & Minerals's dividend payout ratio (DPR) is currently 5.14%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou purchased 20,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $110.00 per share, with a total value of $2,200,000.00. Following the purchase, the insider directly owned 17,673,780 shares of the company's stock, valued at $1,944,115,800. The trade was a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the director owned 90,000 shares in the company, valued at $9,900,000. This trade represents a 18.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

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