United States Lime & Minerals (NASDAQ:USLM) Posts Earnings Results, Misses Estimates By $0.14 EPS

United States Lime & Minerals (NASDAQ:USLM) posted its quarterly earnings data on Wednesday. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14), Zacks reports. United States Lime & Minerals had a return on equity of 23.07% and a net margin of 36.03%.

United States Lime & Minerals Stock Performance

Shares of USLM stock traded down $1.46 during mid-day trading on Wednesday, hitting $128.24. The company’s stock had a trading volume of 95,986 shares, compared to its average volume of 116,407. The company has a market cap of $3.68 billion, a PE ratio of 27.46 and a beta of 0.92. The company’s fifty day simple moving average is $125.08 and its 200-day simple moving average is $123.58. United States Lime & Minerals has a 52 week low of $91.04 and a 52 week high of $141.43.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 20th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.14%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Institutional Investors Weigh In On United States Lime & Minerals

Several large investors have recently added to or reduced their stakes in USLM. T. Rowe Price Investment Management Inc. lifted its stake in United States Lime & Minerals by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 326,142 shares of the construction company’s stock valued at $39,053,000 after buying an additional 10,828 shares during the period. Vident Advisory LLC increased its stake in shares of United States Lime & Minerals by 7.8% in the 4th quarter. Vident Advisory LLC now owns 22,992 shares of the construction company’s stock valued at $2,753,000 after acquiring an additional 1,672 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of United States Lime & Minerals in the 4th quarter valued at $238,000. Empowered Funds LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter valued at $42,000. Finally, Tudor Investment Corp ET AL lifted its position in shares of United States Lime & Minerals by 40.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 34,971 shares of the construction company’s stock valued at $4,187,000 after acquiring an additional 10,004 shares during the period. Institutional investors and hedge funds 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.