United States Lime & Minerals (NASDAQ:USLM) Issues Earnings Results, Misses Estimates By $0.07 EPS

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 for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07), Zacks reports. United States Lime & Minerals had a return on equity of 24.99% and a net margin of 35.57%. The firm had revenue of $91.52 million during the quarter, compared to analyst estimates of $101.00 million.

United States Lime & Minerals Price Performance

USLM stock traded down $0.56 during trading on Friday, hitting $99.02. The stock had a trading volume of 169,677 shares, compared to its average volume of 128,798. United States Lime & Minerals has a twelve month low of $65.45 and a twelve month high of $159.53. The company's 50-day moving average price is $102.89 and its two-hundred day moving average price is $100.41. The stock has a market capitalization of $2.83 billion, a P/E ratio of 22.71 and a beta of 0.98.

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be paid a $0.06 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 5.71%.

Institutional Trading of United States Lime & Minerals

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

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.