Nuveen LLC Makes New Investment in United States Lime & Minerals, Inc. $USLM

Key Points

• Nuveen LLC has acquired a new stake in United States Lime & Minerals, purchasing 25,457 shares valued at approximately $2.25 million, which represents 0.09% of the company.
• United States Lime & Minerals reported quarterly earnings of $1.07 per share, missing analysts' expectations, with net revenue of $91.52 million, lower than the anticipated $101 million.
• The company declared a quarterly dividend of $0.06 per share, with a payout ratio of 5.50%, reflecting an annualized yield of 0.2% for shareholders.

Nuveen LLC purchased a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,457 shares of the construction company's stock, valued at approximately $2,250,000. Nuveen LLC owned about 0.09% of United States Lime & Minerals at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of United States Lime & Minerals by 87.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,528 shares of the construction company's stock valued at $312,000 after buying an additional 1,643 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of United States Lime & Minerals by 6.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock valued at $412,000 after buying an additional 291 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of United States Lime & Minerals by 10,831.6% during the 1st quarter. GAMMA Investing LLC now owns 8,308 shares of the construction company's stock valued at $734,000 after buying an additional 8,232 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of United States Lime & Minerals by 59.4% during the 4th quarter. Deutsche Bank AG now owns 9,747 shares of the construction company's stock valued at $1,294,000 after buying an additional 3,632 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of United States Lime & Minerals by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 8,237 shares of the construction company's stock valued at $728,000 after buying an additional 2,526 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded down $1.65 during mid-day trading on Thursday, hitting $119.18. The company had a trading volume of 23,735 shares, compared to its average volume of 128,515. United States Lime & Minerals, Inc. has a fifty-two week low of $74.90 and a fifty-two week high of $159.53. The business's fifty day moving average is $110.10 and its two-hundred day moving average is $100.95. The firm has a market cap of $3.41 billion, a P/E ratio of 27.25 and a beta of 1.02.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its 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 analyst estimates of $101.00 million.

United States Lime & Minerals Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals's dividend payout ratio is presently 5.50%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered United States Lime & Minerals from a "buy" rating to a "hold" rating in a report 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.