United States Lime & Minerals (NASDAQ:USLM) Issues Earnings Results

Key Points

• United States Lime & Minerals reported quarterly earnings of $1.07 per share, showing a return on equity of 24.79% and a net margin of 35.74%.
• Institutional investors have recently increased their stakes in the company, with notable raises by Jane Street Group LLC and Millennium Management LLC.
• Wall Street analysts upgraded the company's rating from "hold" to "buy," indicating positive sentiment for future growth.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) issued its quarterly earnings data on Wednesday. The construction company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07), Zacks reports. The business had revenue of $91.52 million for the quarter, compared to analyst estimates of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.99%.

United States Lime & Minerals Stock Performance

USLM traded down $0.56 on Friday, reaching $99.02. The company had a trading volume of 169,677 shares, compared to its average volume of 129,766. United States Lime & Minerals has a 52-week low of $65.45 and a 52-week high of $159.53. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 22.71 and a beta of 0.98. The business has a 50 day simple moving average of $102.81 and a 200 day simple moving average of $100.08.

United States Lime & Minerals Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors have recently made changes to their positions in USLM. Amundi bought a new stake in shares of United States Lime & Minerals during the first quarter valued at approximately $354,000. Millennium Management LLC grew its stake in shares of United States Lime & Minerals by 202.9% in the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company's stock worth $17,092,000 after buying an additional 129,534 shares during the last quarter. Goldman Sachs Group Inc. increased its position in United States Lime & Minerals by 33.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company's stock valued at $25,938,000 after buying an additional 73,891 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in United States Lime & Minerals by 67.3% in the 1st quarter. Jane Street Group LLC now owns 51,937 shares of the construction company's stock worth $4,590,000 after purchasing an additional 20,893 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

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.