Moran Wealth Management LLC Increases Holdings in United States Lime & Minerals, Inc. $USLM

Moran Wealth Management LLC boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 312.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,086 shares of the construction company’s stock after buying an additional 27,344 shares during the period. Moran Wealth Management LLC’s holdings in United States Lime & Minerals were worth $4,713,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in USLM. Global Retirement Partners LLC acquired a new stake in shares of United States Lime & Minerals in the 4th quarter worth $29,000. Quarry LP acquired a new position in shares of United States Lime & Minerals during the 3rd quarter valued at about $33,000. Empowered Funds LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $42,000. PNC Financial Services Group Inc. boosted its position in shares of United States Lime & Minerals by 54,900.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 550 shares of the construction company’s stock valued at $72,000 after acquiring an additional 549 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of United States Lime & Minerals in the third quarter valued at about $85,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Stock Performance

USLM opened at $107.50 on Friday. United States Lime & Minerals, Inc. has a one year low of $94.76 and a one year high of $141.43. The stock has a market capitalization of $3.08 billion, a PE ratio of 23.68 and a beta of 0.72. The business’s 50 day moving average price is $109.93 and its 200 day moving average price is $118.80.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.14). United States Lime & Minerals had a return on equity of 21.28% and a net margin of 35.40%.The business had revenue of $87.83 million for the quarter, compared to analyst estimates 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. Investors of record on Friday, May 22nd were given 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 was Friday, May 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.29%.

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 research report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

United States Lime & Minerals 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.