Vanguard Group Inc. Grows Holdings in United States Lime & Minerals, Inc. $USLM

Key Points

• Vanguard Group Inc. increased its stake in United States Lime & Minerals, Inc. by 13.2%, holding 808,373 shares valued at approximately $71.44 million.
• The company's recent quarterly earnings report showed a missed estimate of earnings per share, reporting $1.07 against a consensus of $1.14.
• A dividend of $0.06 per share has been declared, with shareholders of record set to receive it on September 12th, representing an annual yield of 0.2%.

Vanguard Group Inc. lifted its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 13.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 808,373 shares of the construction company's stock after acquiring an additional 94,149 shares during the quarter. Vanguard Group Inc. owned 2.82% of United States Lime & Minerals worth $71,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake 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 raised its holdings in United States Lime & Minerals by 0.3% in the 1st quarter. Cardinal Capital Management now owns 58,239 shares of the construction company's stock worth $5,147,000 after acquiring an additional 164 shares during the last quarter. State of Wyoming bought a new stake in United States Lime & Minerals in the 4th quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in United States Lime & Minerals in the 4th quarter worth approximately $36,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of United States Lime & Minerals by 6.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,513 shares of the construction company's stock valued at $412,000 after acquiring an additional 291 shares during the period. 27.12% of the stock is owned by institutional investors.

United States Lime & Minerals Trading Down 0.3%

Shares of NASDAQ:USLM traded down $0.37 on Friday, hitting $125.92. 229,021 shares of the company were exchanged, compared to its average volume of 128,944. The stock's 50 day moving average price is $108.61 and its 200 day moving average price is $100.53. United States Lime & Minerals, Inc. has a 1-year low of $74.90 and a 1-year high of $159.53. The firm has a market capitalization of $3.61 billion, a P/E ratio of 28.88 and a beta of 0.98.

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

United States Lime & Minerals Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 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.