TD Asset Management Inc Purchases New Shares in United States Lime & Minerals, Inc. $USLM

TD Asset Management Inc purchased a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,946 shares of the construction company’s stock, valued at approximately $1,440,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Amundi purchased a new position in shares of United States Lime & Minerals in the first quarter worth approximately $354,000. Millennium Management LLC lifted its holdings in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after buying an additional 129,534 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 valued at $25,938,000 after buying an additional 73,891 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of 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 worth $4,590,000 after acquiring an additional 20,893 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of United States Lime & Minerals by 96.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,404 shares of the construction company’s stock valued at $539,000 after purchasing an additional 2,650 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

United States Lime & Minerals Trading Down 5.0%

USLM opened at $121.45 on Friday. The stock’s 50 day simple moving average is $119.94 and its 200-day simple moving average is $122.69. The stock has a market cap of $3.48 billion, a PE ratio of 26.01 and a beta of 0.98. United States Lime & Minerals, Inc. has a 1 year low of $80.47 and a 1 year high of $137.96.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Monday, February 2nd. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07). The business had revenue of $87.94 million during the quarter, compared to analyst estimates of $97.00 million. United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.07%.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 20th. United States Lime & Minerals’s payout ratio is currently 5.14%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.