Key Points
- Major shareholder Holdings Ltd. Candou purchased 20,000 USLM shares at $110 each, investing $2.2 million and increasing its ownership to 17.67 million shares valued at approximately $1.94 billion.
- United States Lime & Minerals reported quarterly EPS of $1.20, below the $1.30 consensus estimate, while revenue of $99.13 million also fell short of the $108 million forecast.
- The company paid a quarterly dividend of $0.06 per share, equivalent to a $0.24 annualized dividend and a 0.2% yield; Weiss Ratings downgraded the stock to “hold,” matching the current consensus rating.
United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) major shareholder Holdings Ltd. Candou purchased 20,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $110.00 per share, for a total transaction of $2,200,000.00. Following the completion of the purchase, the insider directly owned 17,673,780 shares of the company's stock, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
United States Lime & Minerals Stock Performance
Shares of USLM opened at $117.82 on Friday. The company's 50-day simple moving average is $113.21 and its 200-day simple moving average is $115.85. United States Lime & Minerals, Inc. has a 1 year low of $96.27 and a 1 year high of $141.43. The stock has a market capitalization of $3.38 billion, a PE ratio of 25.23 and a beta of 0.73.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). The business had revenue of $99.13 million during the quarter, compared to analyst estimates of $108.00 million. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.
United States Lime & Minerals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 21st. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals's dividend payout ratio is 5.14%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded United States Lime & Minerals from a "buy (b-)" rating to a "hold (c+)" rating in a research 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".
View Our Latest Analysis on USLM
Institutional Investors Weigh In On United States Lime & Minerals
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in shares of United States Lime & Minerals during the 4th quarter worth $29,000. Quarry LP purchased a new position in United States Lime & Minerals in the third quarter valued at $33,000. Empowered Funds LLC acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $42,000. Comerica Bank acquired a new stake in United States Lime & Minerals in the third quarter valued at $85,000. Finally, Fifth Third Bancorp purchased a new stake in United States Lime & Minerals during the 1st quarter worth about $90,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.
About United States Lime & Minerals
(
Get Free Report)
United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.
Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.
United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.
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