Diamond Hill Capital Management LLC Investment Advisor Takes $7.86 Million Position in United States Lime & Minerals, Inc. $USLM

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) in the second quarter, Holdings Channel reports. The firm bought 75,095 shares of the construction company’s stock, valued at approximately $7,860,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USLM. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals in the fourth quarter valued at approximately $29,000. Quarry LP purchased a new stake in United States Lime & Minerals during the third quarter worth approximately $33,000. Empowered Funds LLC acquired a new stake in shares of United States Lime & Minerals in the fourth quarter worth $42,000. Comerica Bank acquired a new stake in shares of United States Lime & Minerals in the third quarter worth $85,000. Finally, Fifth Third Bancorp acquired a new stake in shares of United States Lime & Minerals in the first quarter worth $90,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

United States Lime & Minerals Stock Up 0.2%

USLM opened at $117.64 on Tuesday. The firm’s 50 day moving average is $109.40 and its 200-day moving average is $115.07. United States Lime & Minerals, Inc. has a 52-week low of $96.27 and a 52-week high of $141.43. The firm has a market capitalization of $3.38 billion, a P/E ratio of 25.19 and a beta of 0.72.

United States Lime & Minerals (NASDAQ:USLM) last announced its 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 firm had revenue of $99.13 million during the quarter, compared to analysts’ expectations 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given 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 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 an average rating of “Hold”.

United States Lime & Minerals 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.