UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 13,757 Shares of United States Lime & Minerals, Inc. $USLM

Key Points

• UBS Asset Management more than doubled its position in United States Lime & Minerals during the second quarter, purchasing 13,757 shares and bringing its holdings to 25,608 shares, or 0.09% of the company. Institutional investors collectively own 27.12% of USLM.
• USLM’s latest quarterly results fell short of expectations, with earnings of $1.20 per share versus the $1.30 consensus estimate and revenue of $99.13 million versus expectations of $108 million.
• The stock opened at $115.89, with a market capitalization of $3.32 billion, while analysts maintain a Hold view. The company also declared a quarterly dividend of $0.06 per share, equivalent to a 0.2% annual yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 116.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,608 shares of the construction company's stock after buying an additional 13,757 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of United States Lime & Minerals worth $2,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in USLM. Corient Private Wealth LP purchased a new position in United States Lime & Minerals in the 2nd quarter worth approximately $2,050,000. Bank of America Corp DE purchased a new stake in United States Lime & Minerals during the 2nd quarter valued at $4,449,000. Freestone Grove Partners LP bought a new stake in shares of United States Lime & Minerals in the 2nd quarter worth $561,000. Man Group plc bought a new stake in shares of United States Lime & Minerals in the 2nd quarter worth $467,000. Finally, Jupiter Topco LLC purchased a new position in shares of United States Lime & Minerals in the second quarter worth $515,000. Institutional investors own 27.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Stock Up 0.2%

Shares of NASDAQ USLM opened at $115.89 on Friday. The firm's 50-day moving average price is $113.00 and its 200-day moving average price is $115.84. United States Lime & Minerals, Inc. has a 52-week low of $96.27 and a 52-week high of $141.43. The company has a market cap of $3.32 billion, a PE ratio of 24.82 and a beta of 0.73.

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 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). The company had revenue of $99.13 million for the quarter, compared to analysts' expectations 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 Dividend Announcement

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

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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