Sigma Planning Corp Takes $1.05 Million Position in United States Lime & Minerals, Inc. $USLM

Key Points

• Sigma Planning Corp acquired 10,000 shares of United States Lime & Minerals during the second quarter, valued at approximately $1.05 million. Institutional investors and hedge funds collectively own 27.12% of the company.
• United States Lime & Minerals reported quarterly EPS of $1.20 and revenue of $99.13 million, missing analyst estimates of $1.30 EPS and $108 million revenue.
• The company declared a quarterly dividend of $0.06, equivalent to $0.24 annually and a 0.2% yield. The stock is currently rated “Hold,” after Weiss Ratings downgraded it from “Buy.”

Sigma Planning Corp acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the construction company's stock, valued at approximately $1,047,000.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of United States Lime & Minerals during the 4th quarter valued at $29,000. Quarry LP bought a new stake in United States Lime & Minerals during the third quarter valued at about $33,000. Empowered Funds LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter worth about $42,000. Comerica Bank bought a new position in United States Lime & Minerals in the 3rd quarter worth approximately $85,000. Finally, Fifth Third Bancorp acquired a new position in shares of United States Lime & Minerals during the first quarter worth approximately $90,000. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM opened at $115.05 on Wednesday. The company has a 50-day simple moving average of $111.54 and a 200 day simple moving average of $115.39. The company has a market capitalization of $3.30 billion, a P/E ratio of 24.64 and a beta of 0.73. United States Lime & Minerals, Inc. has a 52-week low of $96.27 and a 52-week high of $141.43.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.10). The company had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.

United States Lime & Minerals Announces Dividend

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

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals 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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