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

United States Lime & Minerals (NASDAQ:USLM) issued its earnings results on Wednesday. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14), Zacks reports. The business had revenue of $87.83 million during the quarter, compared to the consensus estimate of $102.00 million. United States Lime & Minerals had a return on equity of 21.83% and a net margin of 35.40%.

United States Lime & Minerals Stock Up 3.3%

Shares of NASDAQ:USLM traded up $3.57 during trading on Friday, reaching $111.24. 99,437 shares of the company traded hands, compared to its average volume of 119,299. The firm has a fifty day simple moving average of $125.53 and a 200 day simple moving average of $123.51. The firm has a market cap of $3.19 billion, a P/E ratio of 24.36 and a beta of 0.92. United States Lime & Minerals has a 1-year low of $94.02 and a 1-year high of $141.43.

United States Lime & Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.14%.

Institutional Investors Weigh In On United States Lime & Minerals

A number of institutional investors have recently modified their holdings of USLM. Global Retirement Partners LLC acquired a new stake in shares of United States Lime & Minerals during the 4th quarter valued at $29,000. Quarry LP acquired a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at $33,000. Empowered Funds LLC acquired a new stake in shares of United States Lime & Minerals in the 4th quarter valued at $42,000. Comerica Bank acquired a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at $85,000. Finally, Osaic Holdings Inc. lifted its stake in shares of United States Lime & Minerals by 69.5% in the 2nd quarter. Osaic Holdings Inc. now owns 939 shares of the construction company’s stock valued at $94,000 after purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.