The Manufacturers Life Insurance Company Purchases New Shares in United States Lime & Minerals, Inc. $USLM

The Manufacturers Life Insurance Company purchased a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,394 shares of the construction company’s stock, valued at approximately $565,000.

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

Wall Street Analyst Weigh In

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

United States Lime & Minerals Price Performance

NASDAQ:USLM opened at $116.69 on Monday. The company’s 50 day moving average price is $112.09 and its 200-day moving average price is $115.57. United States Lime & Minerals, Inc. has a 52 week low of $96.27 and a 52 week high of $141.43. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 24.99 and a beta of 0.73.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.20 earnings per share 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 analysts’ expectations 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 Announces Dividend

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 issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. United States Lime & Minerals’s dividend payout ratio is presently 5.14%.

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.