United States Lime & Minerals (NASDAQ:USLM) Major Shareholder Holdings Ltd. Candou Purchases 20,000 Shares

United States Lime & Minerals, Inc. (NASDAQ:USLM) major shareholder Holdings Ltd. Candou acquired 20,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the acquisition, the insider owned 17,673,780 shares in the company, valued at $1,944,115,800. The trade was a 0.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

United States Lime & Minerals Price Performance

USLM opened at $117.82 on Friday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 25.23 and a beta of 0.73. The company’s 50 day simple moving average is $113.21 and its two-hundred day simple moving average is $115.85. 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 quarterly earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The company had revenue of $99.13 million during the quarter, compared to analysts’ expectations of $108.00 million.

United States Lime & Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 21st. United States Lime & Minerals’s dividend payout ratio is presently 5.14%.

Hedge Funds Weigh In On United States Lime & Minerals

Several large investors have recently made changes to their positions in USLM. Canada Pension Plan Investment Board purchased a new stake in United States Lime & Minerals in the second quarter valued at approximately $1,560,000. BlackRock Inc. acquired a new position in United States Lime & Minerals during the second quarter worth $174,390,000. First Trust Advisors LP boosted its position in shares of United States Lime & Minerals by 85.0% during the first quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock worth $57,723,000 after buying an additional 203,030 shares during the period. Corient Private Wealth LP purchased a new position in shares of United States Lime & Minerals during the second quarter worth $2,050,000. Finally, Walleye Capital LLC acquired a new stake in shares of United States Lime & Minerals in the first quarter valued at $1,258,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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, the stock presently has a consensus rating of “Hold”.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products in the United States. Through its operating subsidiaries, the company mines, processes and distributes limestone and manufactures lime products for industrial, construction, environmental and other commercial applications.

Its product portfolio includes crushed limestone, pulverized and sized limestone, quicklime, hydrated lime and related lime products. These materials are used in construction and road building, water and wastewater treatment, flue-gas and other environmental applications, steel and metals processing, oil and gas services, agriculture and other industrial markets.

United States Lime & Minerals operates limestone quarries and processing facilities primarily in Texas and Oklahoma and serves customers in those states and surrounding regions.