Schwartz Investment Counsel Inc. Takes Position in United States Lime & Minerals, Inc. $USLM

Schwartz Investment Counsel Inc. bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,593 shares of the construction company’s stock, valued at approximately $731,000.

Several other hedge funds and other institutional investors have also modified their holdings of USLM. Vanguard Group Inc. grew its stake in United States Lime & Minerals by 6.8% in the 4th quarter. Vanguard Group Inc. now owns 927,176 shares of the construction company’s stock valued at $111,020,000 after buying an additional 58,980 shares during the last quarter. Select Equity Group L.P. lifted its position in United States Lime & Minerals by 4.8% during the second quarter. Select Equity Group L.P. now owns 356,190 shares of the construction company’s stock worth $35,548,000 after acquiring an additional 16,404 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of United States Lime & Minerals by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 326,142 shares of the construction company’s stock worth $39,053,000 after acquiring an additional 10,828 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of United States Lime & Minerals by 10.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 325,922 shares of the construction company’s stock worth $39,026,000 after acquiring an additional 30,462 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of United States Lime & Minerals by 1.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 244,063 shares of the construction company’s stock valued at $32,106,000 after purchasing an additional 4,495 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Stock Up 2.2%

USLM stock opened at $103.33 on Tuesday. United States Lime & Minerals, Inc. has a 52 week low of $94.76 and a 52 week high of $141.43. The business has a 50-day simple moving average of $106.85 and a 200 day simple moving average of $117.62. The company has a market cap of $2.96 billion, a PE ratio of 22.76 and a beta of 0.72.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.14). The firm had revenue of $87.83 million during the quarter, compared to the consensus estimate of $102.00 million. United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%.

United States Lime & Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.06 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is 5.29%.

About United States Lime & Minerals

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.