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

William Blair Investment Management LLC trimmed its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 18.1% during the fourth quarter, HoldingsChannel reports. The fund owned 272,857 shares of the construction company’s stock after selling 60,243 shares during the quarter. William Blair Investment Management LLC’s holdings in United States Lime & Minerals were worth $32,672,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its holdings in United States Lime & Minerals by 3.3% in the third quarter. AlphaQuest LLC now owns 2,830 shares of the construction company’s stock valued at $372,000 after buying an additional 90 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in United States Lime & Minerals by 3.3% in the fourth quarter. Handelsbanken Fonder AB now owns 3,100 shares of the construction company’s stock valued at $371,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC increased its holdings in United States Lime & Minerals by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 1,979 shares of the construction company’s stock valued at $237,000 after buying an additional 126 shares during the last quarter. Comerica Bank increased its holdings in United States Lime & Minerals by 28.6% in the fourth quarter. Comerica Bank now owns 827 shares of the construction company’s stock valued at $99,000 after buying an additional 184 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in United States Lime & Minerals by 10.0% in the second quarter. Cerity Partners LLC now owns 2,655 shares of the construction company’s stock valued at $265,000 after buying an additional 242 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Price Performance

Shares of USLM stock opened at $106.04 on Monday. The business has a 50 day moving average of $122.63 and a two-hundred day moving average of $121.27. United States Lime & Minerals, Inc. has a 52 week low of $94.02 and a 52 week high of $141.43. The company has a market cap of $3.04 billion, a P/E ratio of 23.36 and a beta of 0.70.

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

United States Lime & Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. United States Lime & Minerals’s payout ratio is presently 5.29%.

Analysts Set New Price Targets

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

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.