7,233 Shares of United States Lime & Minerals, Inc. $USLM Acquired by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. acquired a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,233 shares of the construction company’s stock, valued at approximately $818,000.

Several other institutional investors and hedge funds also recently modified their holdings of USLM. BlackRock Inc. acquired a new stake in shares of United States Lime & Minerals in the second quarter valued at about $174,390,000. First Trust Advisors LP raised its holdings in shares of United States Lime & Minerals by 85.0% during the 1st quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock valued at $57,723,000 after buying an additional 203,030 shares during the period. State Street Corp lifted its position in United States Lime & Minerals by 78.1% during the 2nd quarter. State Street Corp now owns 419,491 shares of the construction company’s stock worth $43,908,000 after acquiring an additional 183,902 shares in the last quarter. William Blair Investment Management LLC acquired a new position in United States Lime & Minerals during the 2nd quarter worth approximately $17,782,000. Finally, Bank of New York Mellon Corp acquired a new position in United States Lime & Minerals during the 2nd quarter worth approximately $9,593,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Price Performance

Shares of USLM stock opened at $121.04 on Wednesday. United States Lime & Minerals, Inc. has a 12 month low of $96.27 and a 12 month high of $141.43. The firm has a market capitalization of $3.47 billion, a P/E ratio of 25.64 and a beta of 0.69. The company’s fifty day moving average price is $112.73 and its two-hundred day moving average price is $115.16.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Friday, October 30th. The construction company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.16). The firm had revenue of $106.19 million during the quarter, compared to analysts’ expectations of $122.00 million. United States Lime & Minerals had a net margin of 35.08% and a return on equity of 19.65%.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a $0.06 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s payout ratio is 5.17%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on USLM. Freedom Broker decreased their price target on United States Lime & Minerals from $132.00 to $131.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings upgraded shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $131.00.

Insider Transactions at United States Lime & Minerals

In related news, Director Antoine M. Doumet sold 20,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the director owned 90,000 shares of the company’s stock, valued at approximately $9,900,000. This represents a 18.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the purchase, the insider owned 17,673,780 shares in the company, valued at $1,944,115,800. This represents a 0.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.