Russell Investments Group Ltd. Has $1.52 Million Stock Holdings in United States Lime & Minerals, Inc. $USLM

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in United States Lime & Minerals, acquiring an additional 8,547 shares in the first quarter, boosting its ownership by 98.4%.
• The latest earnings report revealed that United States Lime & Minerals missed EPS estimates, reporting $1.07 per share against expectations of $1.14, with revenues of $91.52 million falling short of the $101 million consensus.
• United States Lime & Minerals announced a quarterly dividend of $0.06 per share, with an annualized yield of 0.2%, set to be paid to investors of record on August 22nd.

Russell Investments Group Ltd. increased its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 98.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,236 shares of the construction company's stock after acquiring an additional 8,547 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of United States Lime & Minerals worth $1,523,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State of Wyoming bought a new position in United States Lime & Minerals during the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in United States Lime & Minerals during the fourth quarter worth about $36,000. State of Tennessee Department of Treasury bought a new position in United States Lime & Minerals during the fourth quarter worth about $181,000. Dark Forest Capital Management LP bought a new position in United States Lime & Minerals during the fourth quarter worth about $204,000. Finally, Ameriprise Financial Inc. acquired a new stake in United States Lime & Minerals during the fourth quarter worth about $235,000. 27.12% of the stock is owned by institutional investors.

United States Lime & Minerals Stock Performance

Shares of USLM traded down $2.78 during mid-day trading on Tuesday, reaching $123.14. The company had a trading volume of 93,328 shares, compared to its average volume of 123,396. The company's 50 day simple moving average is $109.66 and its 200 day simple moving average is $100.81. United States Lime & Minerals, Inc. has a 1-year low of $74.90 and a 1-year high of $159.53. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 28.24 and a beta of 1.02.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share 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 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.50%.

Analyst Ratings Changes

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.

United States Lime & Minerals Company 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.