United States Lime & Minerals, Inc. $USLM Stock Holdings Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 62.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,151 shares of the construction company’s stock after selling 5,321 shares during the quarter. Hsbc Holdings PLC’s holdings in United States Lime & Minerals were worth $403,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in United States Lime & Minerals in the 4th quarter valued at approximately $29,000. Quarry LP acquired a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at $33,000. Empowered Funds LLC acquired a new stake in shares of United States Lime & Minerals during the 4th quarter valued at $42,000. Comerica Bank acquired a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at $85,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of United States Lime & Minerals during the 3rd quarter valued at $108,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Price Performance

Shares of United States Lime & Minerals stock opened at $110.30 on Friday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 23.62 and a beta of 0.72. The stock has a 50-day simple moving average of $107.42 and a 200-day simple moving average of $116.08. United States Lime & Minerals, Inc. has a 52-week low of $94.76 and a 52-week high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The firm had revenue of $99.13 million during the quarter, compared to analyst estimates of $108.00 million. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.

United States Lime & Minerals Dividend Announcement

The firm 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 is 5.14%.

Wall Street Analysts Forecast Growth

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

United States Lime & Minerals Company 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.