United States Lime & Minerals, Inc. $USLM Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 333,100 shares of the construction company’s stock after selling 24,590 shares during the period. William Blair Investment Management LLC’s holdings in United States Lime & Minerals were worth $43,819,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of USLM. Vanguard Group Inc. grew its holdings in shares of United States Lime & Minerals by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 868,196 shares of the construction company’s stock worth $114,211,000 after purchasing an additional 38,765 shares during the period. Select Equity Group L.P. raised its holdings in shares of 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 purchasing an additional 16,404 shares during the period. Geode Capital Management LLC raised its stake in United States Lime & Minerals by 2.8% during the second quarter. Geode Capital Management LLC now owns 333,677 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 9,136 shares during the period. Goldman Sachs Group Inc. lifted its holdings in United States Lime & Minerals by 33.6% in the first quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock worth $25,938,000 after acquiring an additional 73,891 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in United States Lime & Minerals by 202.9% in the first quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock valued at $17,092,000 after acquiring an additional 129,534 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

United States Lime & Minerals Trading Up 0.2%

Shares of NASDAQ USLM opened at $114.16 on Monday. United States Lime & Minerals, Inc. has a 12-month low of $80.47 and a 12-month high of $137.96. The company has a market cap of $3.27 billion, a PE ratio of 24.45 and a beta of 0.98. The stock has a 50 day simple moving average of $120.21 and a 200-day simple moving average of $122.58.

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

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.14%.

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.