Hsbc Holdings PLC Increases Stock Holdings in United States Lime & Minerals, Inc. $USLM

Key Points

• Hsbc Holdings PLC increased its stake in United States Lime & Minerals, Inc. by 255.9% in the first quarter, owning 6,107 shares valued at $538,000 after acquiring additional shares.
• Vanguard Group and other institutional investors have also increased their holdings, with Vanguard now owning 808,373 shares worth $71.44 million, reflecting growing interest in the stock.
• The company recently reported an earnings miss, with $1.07 EPS against an analyst estimate of $1.14, and announced a quarterly dividend of $0.06 to be paid on September 12th.

Hsbc Holdings PLC lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 255.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,107 shares of the construction company's stock after acquiring an additional 4,391 shares during the quarter. Hsbc Holdings PLC's holdings in United States Lime & Minerals were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP raised its position in shares of United States Lime & Minerals by 38.3% during the first quarter. Quantbot Technologies LP now owns 12,169 shares of the construction company's stock worth $1,075,000 after acquiring an additional 3,373 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of United States Lime & Minerals by 12.5% during the first quarter. Aptus Capital Advisors LLC now owns 37,411 shares of the construction company's stock worth $3,306,000 after acquiring an additional 4,155 shares during the last quarter. FCG Investment Co bought a new position in shares of United States Lime & Minerals during the first quarter worth about $497,000. Algert Global LLC raised its position in shares of United States Lime & Minerals by 50.9% during the first quarter. Algert Global LLC now owns 60,604 shares of the construction company's stock worth $5,356,000 after acquiring an additional 20,444 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of United States Lime & Minerals by 98.4% during the first quarter. Russell Investments Group Ltd. now owns 17,236 shares of the construction company's stock worth $1,523,000 after acquiring an additional 8,547 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 Stock Performance

United States Lime & Minerals stock traded up $2.69 during mid-day trading on Friday, reaching $123.68. The stock had a trading volume of 79,645 shares, compared to its average volume of 128,878. United States Lime & Minerals, Inc. has a fifty-two week low of $75.33 and a fifty-two week high of $159.53. The stock's 50-day simple moving average is $110.51 and its 200-day simple moving average is $101.06. The firm has a market capitalization of $3.54 billion, a PE ratio of 28.45 and a beta of 1.02.

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). United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%. The firm had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid 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 is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is 5.50%.

Insider Activity

In related news, CEO Timothy W. Byrne sold 27,425 shares of United States Lime & Minerals stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $121.05, for a total transaction of $3,319,796.25. Following the transaction, the chief executive officer owned 98,532 shares of the company's stock, valued at $11,927,298.60. The trade was a 21.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.46% of the stock is currently owned by insiders.

United States Lime & Minerals 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.