FCG Investment Co Takes Position in United States Lime & Minerals, Inc. $USLM

Key Points

• FCG Investment Co has acquired a new stake in United States Lime & Minerals, purchasing 5,624 shares valued at approximately $497,000 during the first quarter.
• United States Lime & Minerals reported $1.07 earnings per share, falling short of the consensus estimate of $1.14, alongside revenue of $91.52 million versus the expected $101 million.
• The company has announced a quarterly dividend of $0.06 per share, representing a 0.2% yield and a dividend payout ratio of 5.50%.

FCG Investment Co acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,624 shares of the construction company's stock, valued at approximately $497,000.

Several other hedge funds also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $36,000. State of Tennessee Department of Treasury acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $181,000. Dark Forest Capital Management LP acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $204,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of United States Lime & Minerals during the fourth quarter worth about $235,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded up $8.77 during mid-day trading on Friday, reaching $123.06. The stock had a trading volume of 72,447 shares, compared to its average volume of 128,375. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 28.22 and a beta of 0.98. United States Lime & Minerals, Inc. has a twelve month low of $74.90 and a twelve month high of $159.53. The business has a 50 day simple moving average of $105.66 and a 200 day simple moving average of $99.91.

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 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). The firm had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%.

United States Lime & Minerals Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.50%.

Wall Street Analysts Forecast Growth

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

About United States Lime & Minerals

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.