State Street Corp Buys 183,902 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• State Street increased its USLM stake by 78.1%, purchasing 183,902 additional shares to hold 419,491 shares worth approximately $43.9 million. Other institutions, including BlackRock and First Trust Advisors, also expanded or initiated positions.
• Weiss Ratings downgraded United States Lime & Minerals from “buy” to “hold,” while the broader analyst consensus remains “Hold.”
• USLM reported quarterly EPS of $1.20 and revenue of $99.13 million, missing estimates of $1.30 and $108 million, respectively. The company paid a quarterly dividend of $0.06 per share, representing a 0.2% annualized yield.

State Street Corp lifted its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 78.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 419,491 shares of the construction company's stock after purchasing an additional 183,902 shares during the quarter. State Street Corp owned about 1.46% of United States Lime & Minerals worth $43,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in United States Lime & Minerals during the 2nd quarter worth approximately $174,390,000. First Trust Advisors LP increased its stake in United States Lime & Minerals by 85.0% during the 1st quarter. First Trust Advisors LP now owns 441,951 shares of the construction company's stock valued at $57,723,000 after purchasing an additional 203,030 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of United States Lime & Minerals in the second quarter worth $17,782,000. Bank of New York Mellon Corp purchased a new position in shares of United States Lime & Minerals in the second quarter worth $9,593,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of United States Lime & Minerals during the second quarter worth $7,860,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost of $110.00 per share, with a total value of $2,200,000.00. Following the acquisition, the insider directly owned 17,673,780 shares of the company's stock, valued at approximately $1,944,115,800. The trade was a 0.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Antoine M. Doumet sold 20,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the director owned 90,000 shares in the company, valued at $9,900,000. The trade was a 18.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.50% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of USLM stock opened at $109.42 on Friday. The stock's 50-day simple moving average is $115.25 and its 200-day simple moving average is $115.59. The firm has a market capitalization of $3.14 billion, a PE ratio of 23.43 and a beta of 0.73. United States Lime & Minerals, Inc. has a fifty-two week low of $96.27 and a fifty-two week high of $141.43.

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

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals's dividend payout ratio (DPR) is currently 5.14%.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.

Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.

United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.

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