Diamond Hill Capital Management LLC Investment Advisor Buys Shares of 75,095 United States Lime & Minerals, Inc. $USLM

Key Points

• Diamond Hill Capital Management purchased 75,095 shares of United States Lime & Minerals in the second quarter, valued at approximately $7.86 million. Institutional investors collectively own 27.12% of the company.
• United States Lime & Minerals reported quarterly EPS of $1.20 and revenue of $99.13 million, missing analyst expectations of $1.30 EPS and $108 million revenue.
• The company declared a quarterly dividend of $0.06 per share, representing a $0.24 annualized payout and a 0.2% yield. The stock carries a consensus Hold rating after Weiss Ratings downgraded it from Buy to Hold.

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,095 shares of the construction company's stock, valued at approximately $7,860,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.26% of United States Lime & Minerals as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USLM. Global Retirement Partners LLC purchased a new stake in shares of United States Lime & Minerals in the 4th quarter worth about $29,000. Quarry LP acquired a new position in United States Lime & Minerals during the third quarter worth about $33,000. Empowered Funds LLC acquired a new position in United States Lime & Minerals during the fourth quarter worth about $42,000. Comerica Bank purchased a new stake in shares of United States Lime & Minerals in the third quarter valued at about $85,000. Finally, Fifth Third Bancorp acquired a new stake in shares of United States Lime & Minerals in the first quarter valued at approximately $90,000. Institutional investors and hedge funds own 27.12% of the company's stock.

United States Lime & Minerals Trading Up 0.2%

United States Lime & Minerals stock opened at $117.64 on Tuesday. The stock has a 50-day moving average price of $109.40 and a 200 day moving average price of $115.07. United States Lime & Minerals, Inc. has a 52 week low of $96.27 and a 52 week high of $141.43. The stock has a market cap of $3.38 billion, a PE ratio of 25.19 and a beta of 0.72.

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 during the quarter, compared to analysts' expectations of $108.00 million. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%.

United States Lime & Minerals Announces Dividend

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

Analyst Ratings Changes

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

United States Lime & Minerals Company 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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