Royce & Associates LP Lowers Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Key Points

• Royce & Associates LP has reduced its stake in United States Lime & Minerals by 8.3%, selling 22,234 shares to hold approximately 245,266 shares valued at $21.68 million.
• The company recently disclosed a quarterly dividend of $0.06 per share, representing a 0.22% dividend yield and a total annualized dividend of $0.24.
• Despite a recent stock price increase to $107.49, the company has seen significant fluctuations with a 12-month range from $65.45 to $159.53.

Royce & Associates LP decreased its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,266 shares of the construction company's stock after selling 22,234 shares during the period. Royce & Associates LP owned approximately 0.86% of United States Lime & Minerals worth $21,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of United States Lime & Minerals by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 51,822 shares of the construction company's stock worth $4,580,000 after purchasing an additional 160 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of United States Lime & Minerals by 0.3% in the first quarter. Cardinal Capital Management now owns 58,239 shares of the construction company's stock worth $5,147,000 after purchasing an additional 164 shares during the last quarter. State of Wyoming bought a new position in shares of United States Lime & Minerals in the fourth quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of United States Lime & Minerals in the fourth quarter worth about $36,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of United States Lime & Minerals by 6.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock worth $412,000 after purchasing an additional 291 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd.

United States Lime & Minerals Stock Down 0.2%

NASDAQ:USLM traded down $0.20 during mid-day trading on Monday, reaching $107.30. The company's stock had a trading volume of 23,073 shares, compared to its average volume of 126,373. 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 fifty day moving average of $102.61 and a 200-day moving average of $100.47. The firm has a market capitalization of $3.07 billion, a PE ratio of 25.55 and a beta of 0.98.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly earnings data 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Friday, May 23rd. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.71%.

About United States Lime & Minerals

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.