Corient Private Wealth LP Takes Position in United States Lime & Minerals, Inc. $USLM

Corient Private Wealth LP acquired a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the second quarter, HoldingsChannel reports. The firm acquired 19,583 shares of the construction company’s stock, valued at approximately $2,050,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in United States Lime & Minerals during the second quarter worth approximately $4,449,000. Freestone Grove Partners LP purchased a new position in United States Lime & Minerals in the second quarter valued at approximately $561,000. Man Group plc acquired a new stake in United States Lime & Minerals during the second quarter worth approximately $467,000. Jupiter Topco LLC acquired a new stake in United States Lime & Minerals during the second quarter worth approximately $515,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of United States Lime & Minerals during the 2nd quarter worth approximately $1,560,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

Shares of USLM stock opened at $115.47 on Thursday. The stock’s 50-day moving average is $111.71 and its two-hundred day moving average is $115.46. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 24.73 and a beta of 0.73. United States Lime & Minerals, Inc. has a 1 year low of $96.27 and a 1 year high of $141.43.

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

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.24 annualized dividend and a yield of 0.2%. United States Lime & Minerals’s payout ratio is 5.14%.

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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, United States Lime & Minerals presently 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.