United States Lime & Minerals (NASDAQ:USLM) Major Shareholder Acquires 20,000 Shares

United States Lime & Minerals, Inc. (NASDAQ:USLM) major shareholder Holdings Ltd. Candou acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average price of $110.00 per share, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider directly owned 17,673,780 shares in the company, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

United States Lime & Minerals Trading Up 1.5%

United States Lime & Minerals stock traded up $1.78 during mid-day trading on Friday, hitting $117.67. The stock had a trading volume of 83,351 shares, compared to its average volume of 157,302. United States Lime & Minerals, Inc. has a one year low of $96.27 and a one year high of $141.43. The firm has a market capitalization of $3.38 billion, a P/E ratio of 25.20 and a beta of 0.73. The firm’s 50 day moving average is $113.00 and its 200 day moving average is $115.84.

United States Lime & Minerals (NASDAQ:USLM) last announced 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 net margin of 35.66% and a return on equity of 20.76%. The business had revenue of $99.13 million during the quarter, compared to analysts’ expectations of $108.00 million.

United States Lime & Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 21st. United States Lime & Minerals’s dividend payout ratio is presently 5.14%.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

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

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.