Charles Schwab Investment Management Inc. Boosts Stock Position in United States Lime & Minerals, Inc. $USLM

Key Points

• Charles Schwab Investment Management Inc. increased its stake in United States Lime & Minerals, owning 100,474 shares, valued at approximately $8,880,000.
• Wall Street analysts downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating on August 2nd.
• The company recently announced a quarterly dividend of $0.06 per share, which will be paid on September 12th, representing a 0.2% dividend yield.

Charles Schwab Investment Management Inc. boosted its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,474 shares of the construction company's stock after purchasing an additional 4,318 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.35% of United States Lime & Minerals worth $8,880,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in United States Lime & Minerals by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock valued at $71,444,000 after buying an additional 94,149 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in United States Lime & Minerals during the 1st quarter worth $336,000. XTX Topco Ltd boosted its stake in shares of United States Lime & Minerals by 328.2% in the 1st quarter. XTX Topco Ltd now owns 7,656 shares of the construction company's stock worth $677,000 after buying an additional 5,868 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of United States Lime & Minerals by 39.9% during the first quarter. GSA Capital Partners LLP now owns 7,461 shares of the construction company's stock valued at $659,000 after acquiring an additional 2,126 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in United States Lime & Minerals by 7.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 55,071 shares of the construction company's stock worth $4,867,000 after purchasing an additional 3,910 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of United States Lime & Minerals from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

United States Lime & Minerals Stock Performance

United States Lime & Minerals stock traded up $1.77 during midday trading on Thursday, reaching $126.29. 128,903 shares of the stock were exchanged, compared to its average volume of 138,280. United States Lime & Minerals, Inc. has a 52 week low of $74.90 and a 52 week high of $159.53. The firm has a market cap of $3.62 billion, a PE ratio of 28.97 and a beta of 0.98. The company's fifty day moving average is $107.99 and its 200-day moving average is $100.38.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The construction company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). The firm had revenue of $91.52 million for the quarter, compared to analysts' expectations of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.50%.

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.