18,873 Shares in United States Lime & Minerals, Inc. (NASDAQ:USLM) Bought by Cynosure Group LLC

Key Points

• Cynosure Group LLC acquired a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM), purchasing 18,873 shares valued at approximately $1,668,000.
• Institutional investors and hedge funds collectively own about 27.12% of the stock, with several firms significantly increasing their positions during the first quarter.
• The company reported $1.07 EPS for its most recent quarter, missing the consensus estimate, and declared a quarterly dividend of $0.06 per share, reflecting a 0.2% yield.

Cynosure Group LLC bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,873 shares of the construction company's stock, valued at approximately $1,668,000. Cynosure Group LLC owned about 0.07% of United States Lime & Minerals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of United States Lime & Minerals by 87.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock worth $312,000 after purchasing an additional 1,643 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in 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 acquiring an additional 291 shares in the last quarter. GAMMA Investing LLC grew its holdings in United States Lime & Minerals by 10,831.6% in the first quarter. GAMMA Investing LLC now owns 8,308 shares of the construction company's stock worth $734,000 after purchasing an additional 8,232 shares during the period. Deutsche Bank AG raised its holdings in shares of United States Lime & Minerals by 59.4% during the fourth quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock valued at $1,294,000 after purchasing an additional 3,632 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in United States Lime & Minerals by 44.2% in the first quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock worth $728,000 after acquiring an additional 2,526 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Trading Up 2.7%

Shares of NASDAQ:USLM traded up $3.23 during midday trading on Wednesday, reaching $121.79. The company had a trading volume of 77,534 shares, compared to its average volume of 128,765. United States Lime & Minerals, Inc. has a 52-week low of $74.11 and a 52-week high of $159.53. The company's 50 day moving average price is $103.63 and its 200 day moving average price is $99.59. The stock has a market cap of $3.49 billion, a P/E ratio of 27.86 and a beta of 0.98.

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

United States Lime & Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a $0.06 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals's payout ratio is 5.50%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

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.