United States Lime & Minerals (NASDAQ:USLM) Trading Down 8.8% on Disappointing Earnings

Key Points

• United States Lime & Minerals Inc. saw its share price drop 8.8% to around $101.74 after reporting disappointing quarterly earnings, missing EPS estimates by $0.07 and revenue expectations by $9.48 million.
• Despite the earnings setback, Wall Street Zen upgraded the company’s stock rating from "hold" to "buy" prior to the earnings announcement.
• Several institutional investors have recently increased their holdings in United States Lime & Minerals, with Vanguard Group Inc. raising its stake by 13.2% in the first quarter.

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report)'s share price was down 8.8% during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $99.99 and last traded at $101.74. Approximately 133,069 shares were traded during trading, an increase of 5% from the average daily volume of 127,171 shares. The stock had previously closed at $111.50.

The construction company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). The business 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 35.74% and a return on equity of 24.79%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd.

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of USLM. Vanguard Group Inc. raised its stake in shares of United States Lime & Minerals by 13.2% during the first quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock worth $71,444,000 after acquiring an additional 94,149 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of United States Lime & Minerals by 6.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock worth $67,372,000 after acquiring an additional 28,947 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of United States Lime & Minerals by 24.5% during the second quarter. William Blair Investment Management LLC now owns 357,690 shares of the construction company's stock worth $35,697,000 after acquiring an additional 70,457 shares in the last quarter. Select Equity Group L.P. raised its stake in shares of United States Lime & Minerals by 3.5% during the first quarter. Select Equity Group L.P. now owns 339,786 shares of the construction company's stock worth $30,030,000 after acquiring an additional 11,432 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of United States Lime & Minerals by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 314,531 shares of the construction company's stock worth $41,759,000 after acquiring an additional 6,482 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Price Performance

The stock has a market capitalization of $2.91 billion, a PE ratio of 24.20 and a beta of 0.98. The firm's 50 day simple moving average is $102.99 and its 200 day simple moving average is $100.55.

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.

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