10,946 Shares in United States Lime & Minerals, Inc. $USLM Acquired by TD Asset Management Inc

TD Asset Management Inc bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the third quarter, HoldingsChannel.com reports. The firm bought 10,946 shares of the construction company’s stock, valued at approximately $1,440,000.

A number of other hedge funds have also modified their holdings of USLM. Exchange Traded Concepts LLC bought a new stake in United States Lime & Minerals in the third quarter valued at approximately $26,000. Blue Trust Inc. acquired a new position in United States Lime & Minerals in the third quarter valued at about $35,000. Amica Retiree Medical Trust raised its position in shares of United States Lime & Minerals by 413.8% during the third quarter. Amica Retiree Medical Trust now owns 334 shares of the construction company’s stock worth $44,000 after purchasing an additional 269 shares during the period. Meeder Asset Management Inc. bought a new position in shares of United States Lime & Minerals during the 3rd quarter valued at about $52,000. Finally, Amica Mutual Insurance Co. bought a new stake in United States Lime & Minerals during the 2nd quarter worth approximately $67,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Price Performance

Shares of NASDAQ:USLM opened at $121.45 on Friday. United States Lime & Minerals, Inc. has a 1 year low of $80.47 and a 1 year high of $137.96. The company has a market cap of $3.48 billion, a PE ratio of 26.01 and a beta of 0.98. The stock’s 50-day moving average is $119.94 and its 200 day moving average is $122.69.

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

United States Lime & Minerals Announces Dividend

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

Analyst Upgrades and Downgrades

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