Schwartz Investment Counsel Inc. Makes New Investment in United States Lime & Minerals, Inc. $USLM

Schwartz Investment Counsel Inc. acquired a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,593 shares of the construction company’s stock, valued at approximately $731,000.

Several other hedge funds also recently bought and sold shares of USLM. Global Retirement Partners LLC acquired a new position in shares of United States Lime & Minerals in the 4th quarter valued at $29,000. Quarry LP acquired a new stake in United States Lime & Minerals during the 3rd quarter worth approximately $33,000. Empowered Funds LLC bought a new stake in shares of United States Lime & Minerals during the fourth quarter worth $42,000. Comerica Bank bought a new stake in shares of United States Lime & Minerals during the third quarter worth $85,000. Finally, Fifth Third Bancorp acquired a new stake in shares of United States Lime & Minerals during the first quarter worth $90,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Price Performance

United States Lime & Minerals stock opened at $103.33 on Tuesday. The firm has a 50-day moving average of $106.85 and a 200-day moving average of $117.62. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 22.76 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, April 29th. The construction company reported $1.06 earnings per share 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 the consensus estimate of $102.00 million.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.29%.

Analyst Upgrades and Downgrades

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

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.