United States Lime & Minerals (NASDAQ:USLM) Major Shareholder Acquires 20,000 Shares of Stock

Key Points

• Major shareholder Holdings Ltd. Candou purchased 20,000 USLM shares at $110 each, investing $2.2 million and increasing its stake to 17.67 million shares valued at approximately $1.94 billion.
• United States Lime & Minerals reported weaker-than-expected quarterly results, with EPS of $1.20 versus the $1.30 estimate and revenue of $99.13 million versus the $108 million consensus.
• USLM shares recently traded at $117.67, while analysts maintain a “Hold” consensus; the company also declared a quarterly dividend of $0.06 per share, yielding about 0.2% annually.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) major shareholder Holdings Ltd. Candou bought 20,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $110.00 per share, for a total transaction of $2,200,000.00. Following the purchase, the insider directly owned 17,673,780 shares in the company, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

United States Lime & Minerals Stock Performance

Shares of USLM stock traded up $1.78 during trading hours on Friday, reaching $117.67. The company had a trading volume of 83,351 shares, compared to its average volume of 157,302. The business has a fifty day moving average price of $113.00 and a 200-day moving average price of $115.84. United States Lime & Minerals, Inc. has a one year low of $96.27 and a one year high of $141.43. The firm has a market cap of $3.38 billion, a PE ratio of 25.20 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.30 by ($0.10). United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The company had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million.

United States Lime & Minerals Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Institutional Investors Weigh In On United States Lime & Minerals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals during the fourth quarter valued at $29,000. Quarry LP bought a new position in shares of United States Lime & Minerals in the third quarter worth about $33,000. Empowered Funds LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $42,000. Comerica Bank bought a new position in shares of United States Lime & Minerals during the 3rd quarter valued at approximately $85,000. Finally, Fifth Third Bancorp purchased a new stake in United States Lime & Minerals in the 1st quarter worth approximately $90,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Company Profile

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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