Legal & General Group Plc Purchases Shares of 24,639 United States Lime & Minerals, Inc. $USLM

Key Points

• Legal & General Group acquired 24,639 shares of United States Lime & Minerals, valued at approximately $2.58 million, giving it a 0.09% stake. Other institutional investors also increased holdings, with institutional ownership reaching 27.12%.
• Weiss Ratings downgraded the stock from “buy” to “hold,” while the sole covering analyst also rates it Hold. Shares opened at $116.69, with a market capitalization of approximately $3.35 billion.
• United States Lime & Minerals reported quarterly EPS of $1.20, below the $1.30 consensus estimate, and revenue of $99.13 million versus expectations of $108 million. The company declared a $0.06 quarterly dividend, equivalent to a 0.2% yield.

Legal & General Group Plc acquired a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,639 shares of the construction company's stock, valued at approximately $2,579,000. Legal & General Group Plc owned approximately 0.09% of United States Lime & Minerals at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi acquired a new stake in shares of United States Lime & Minerals during the 1st quarter worth approximately $354,000. Millennium Management LLC boosted its stake in United States Lime & Minerals by 202.9% during the first quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock worth $17,092,000 after acquiring an additional 129,534 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in United States Lime & Minerals by 33.6% in the first quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company's stock worth $25,938,000 after purchasing an additional 73,891 shares during the period. Jane Street Group LLC grew its holdings in United States Lime & Minerals by 67.3% in the first quarter. Jane Street Group LLC now owns 51,937 shares of the construction company's stock worth $4,590,000 after purchasing an additional 20,893 shares during the period. Finally, First Trust Advisors LP increased its stake in United States Lime & Minerals by 281.5% in the second quarter. First Trust Advisors LP now owns 192,869 shares of the construction company's stock valued at $19,248,000 after purchasing an additional 142,308 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Trading Up 0.7%

Shares of NASDAQ:USLM opened at $116.69 on Friday. The stock's fifty day simple moving average is $112.09 and its two-hundred day simple moving average is $115.52. United States Lime & Minerals, Inc. has a 1-year low of $96.27 and a 1-year high of $141.43. The stock has a market cap of $3.35 billion, a PE ratio of 24.99 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate 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 Dividend Announcement

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

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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