The Manufacturers Life Insurance Company Takes Position in United States Lime & Minerals, Inc. $USLM

The Manufacturers Life Insurance Company acquired a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,394 shares of the construction company’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP raised its stake in shares of United States Lime & Minerals by 85.0% during the first quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock worth $57,723,000 after acquiring an additional 203,030 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at $174,390,000. Walleye Capital LLC purchased a new stake in shares of United States Lime & Minerals in the 1st quarter valued at $1,258,000. William Blair Investment Management LLC bought a new position in shares of United States Lime & Minerals during the 2nd quarter valued at $17,782,000. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of United States Lime & Minerals by 7.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,935 shares of the construction company’s stock valued at $8,494,000 after purchasing an additional 5,051 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Price Performance

NASDAQ:USLM opened at $116.69 on Monday. The firm’s fifty day simple moving average is $112.09 and its 200 day simple moving average is $115.57. The stock has a market cap of $3.35 billion, a P/E ratio of 24.99 and a beta of 0.73. United States Lime & Minerals, Inc. has a twelve month low of $96.27 and a twelve month high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.The company had revenue of $99.13 million during the quarter, compared to the consensus estimate of $108.00 million.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st 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 of this dividend is Friday, August 21st. United States Lime & Minerals’s dividend payout ratio is presently 5.14%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, 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.