Holdings Ltd. Candou Acquires 20,000 Shares of United States Lime & Minerals (NASDAQ:USLM) Stock

United States Lime & Minerals, Inc. (NASDAQ:USLM) major shareholder Holdings Ltd. Candou bought 20,000 shares of United States Lime & Minerals stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

United States Lime & Minerals Stock Up 1.7%

Shares of United States Lime & Minerals stock opened at $117.82 on Friday. The business has a 50 day moving average of $113.21 and a 200 day moving average of $115.85. United States Lime & Minerals, Inc. has a 52 week low of $96.27 and a 52 week high of $141.43. The company has a market cap of $3.38 billion, a PE ratio of 25.23 and a beta of 0.73.

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

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a $0.06 dividend. 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%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On United States Lime & Minerals

Institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals during the fourth quarter valued at $29,000. Quarry LP bought a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at $33,000. Empowered Funds LLC purchased a new stake in shares of United States Lime & Minerals in the 4th quarter worth about $42,000. Comerica Bank purchased a new stake in shares of United States Lime & Minerals in the 3rd quarter worth about $85,000. Finally, Fifth Third Bancorp bought a new position in shares of United States Lime & Minerals in the 1st quarter worth about $90,000. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Company Profile

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.