United States Lime & Minerals (NASDAQ:USLM) Announces Quarterly Earnings Results

United States Lime & Minerals (NASDAQ:USLM) posted its earnings results on Wednesday. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10), FiscalAI reports. 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 21.28% and a net margin of 35.40%.

United States Lime & Minerals Stock Performance

NASDAQ USLM opened at $109.36 on Thursday. The business has a 50 day simple moving average of $107.19 and a 200 day simple moving average of $116.24. United States Lime & Minerals has a 52-week low of $94.76 and a 52-week high of $141.43. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 24.39 and a beta of 0.72.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.06 dividend. 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 payout ratio is currently 5.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of USLM. Engineers Gate Manager LP raised its holdings in shares of United States Lime & Minerals by 18.8% during the second quarter. Engineers Gate Manager LP now owns 4,985 shares of the construction company’s stock worth $498,000 after acquiring an additional 788 shares during the period. Aviva PLC boosted its stake in United States Lime & Minerals by 4.9% in the 4th quarter. Aviva PLC now owns 4,025 shares of the construction company’s stock worth $482,000 after purchasing an additional 188 shares during the period. Vestcor Inc acquired a new position in United States Lime & Minerals in the 3rd quarter worth $414,000. Cetera Investment Advisers increased its holdings in United States Lime & Minerals by 13.1% during the 4th quarter. Cetera Investment Advisers now owns 3,108 shares of the construction company’s stock worth $372,000 after purchasing an additional 361 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of United States Lime & Minerals by 28.0% in the third quarter. Mariner LLC now owns 2,734 shares of the construction company’s stock valued at $360,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

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