United States Lime & Minerals, Inc. (NASDAQ:USLM) Shares Acquired by Diamond Hill Capital Management Inc.

Key Points

• Diamond Hill Capital Management Inc. increased its stake in United States Lime & Minerals by 7.6% in the first quarter, now owning 55,071 shares valued at approximately $4.87 million.
• United States Lime & Minerals reported quarterly earnings of $1.19 EPS with a revenue of $91.25 million and a strong return on equity of 24.79%.
• The company recently announced a quarterly dividend of $0.06 per share, reflecting an annualized dividend yield of 0.22%.

Diamond Hill Capital Management Inc. lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,071 shares of the construction company's stock after buying an additional 3,910 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.19% of United States Lime & Minerals worth $4,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of USLM. State of Wyoming purchased a new stake in United States Lime & Minerals during the 4th quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in United States Lime & Minerals during the fourth quarter worth $36,000. National Bank of Canada FI purchased a new stake in United States Lime & Minerals during the fourth quarter worth $72,000. State of Tennessee Department of Treasury purchased a new stake in United States Lime & Minerals during the fourth quarter worth $181,000. Finally, Dark Forest Capital Management LP purchased a new stake in United States Lime & Minerals during the fourth quarter worth $204,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM traded down $0.01 during mid-day trading on Monday, reaching $107.48. The company's stock had a trading volume of 20,484 shares, compared to its average volume of 126,364. United States Lime & Minerals, Inc. has a 1-year low of $65.45 and a 1-year high of $159.53. The stock has a 50-day moving average of $102.61 and a two-hundred day moving average of $100.47. The stock has a market capitalization of $3.08 billion, a P/E ratio of 25.58 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share for the quarter. United States Lime & Minerals had a net margin of 35.74% and a return on equity of 24.79%. The company had revenue of $91.25 million during the quarter.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.06 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. United States Lime & Minerals's payout ratio is currently 5.71%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, April 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.