Quantbot Technologies LP Purchases Shares of 11,851 United States Lime & Minerals, Inc. $USLM

Key Points

• Quantbot Technologies LP acquired 11,851 shares of United States Lime & Minerals in the second quarter, worth approximately $1.24 million. Institutional investors and hedge funds collectively own 27.12% of the company.
• United States Lime & Minerals reported quarterly earnings of $1.20 per share and revenue of $99.13 million, missing analyst estimates of $1.30 and $108 million, respectively.
• The company declared a quarterly dividend of $0.06 per share, representing a $0.24 annualized payout and a 0.2% yield. Shares were recently priced at $119.07, while the consensus analyst rating remained Hold.

Quantbot Technologies LP acquired a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,851 shares of the construction company's stock, valued at approximately $1,240,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in United States Lime & Minerals in the fourth quarter valued at approximately $29,000. Quarry LP acquired a new position in United States Lime & Minerals during the 3rd quarter worth approximately $33,000. Empowered Funds LLC acquired a new position in United States Lime & Minerals during the 4th quarter worth approximately $42,000. Comerica Bank purchased a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at approximately $85,000. Finally, Fifth Third Bancorp purchased a new stake in shares of United States Lime & Minerals in the 1st quarter valued at approximately $90,000. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Down 1.5%

USLM opened at $119.07 on Wednesday. United States Lime & Minerals, Inc. has a 52 week low of $96.27 and a 52 week high of $141.43. The business's 50 day moving average is $110.82 and its two-hundred day moving average is $115.02. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 25.50 and a beta of 0.72.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share 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 analyst estimates 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 disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.14%.

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, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

About United States Lime & Minerals

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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