SummitTX Capital L.P. Purchases New Shares in United States Lime & Minerals, Inc. $USLM

SummitTX Capital L.P. purchased a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,686 shares of the construction company’s stock, valued at approximately $743,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in United States Lime & Minerals in the 4th quarter valued at about $29,000. Quarry LP bought a new position in shares of United States Lime & Minerals during the 3rd quarter worth approximately $33,000. Empowered Funds LLC purchased a new position in shares of United States Lime & Minerals in the 4th quarter worth approximately $42,000. Comerica Bank purchased a new position in shares of United States Lime & Minerals in the 3rd quarter worth approximately $85,000. Finally, Fifth Third Bancorp bought a new position in shares of United States Lime & Minerals in the first quarter valued at approximately $90,000. 27.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

United States Lime & Minerals Price Performance

NASDAQ USLM opened at $112.93 on Friday. The business’s fifty day moving average is $107.33 and its 200-day moving average is $116.12. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 24.18 and a beta of 0.72. United States Lime & Minerals, Inc. has a one year low of $94.76 and a one year high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share 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 21.29%. The company had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.29%.

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.