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

United States Lime & Minerals (NASDAQ:USLM) issued its earnings results on Monday. The construction company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.07), Zacks reports. United States Lime & Minerals had a return on equity of 23.82% and a net margin of 35.83%.The company had revenue of $87.94 million for the quarter, compared to analyst estimates of $97.00 million.

United States Lime & Minerals Stock Up 2.6%

USLM stock opened at $123.61 on Tuesday. United States Lime & Minerals has a 52-week low of $80.47 and a 52-week high of $137.96. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 27.17 and a beta of 0.98. The business has a fifty day moving average of $125.48 and a two-hundred day moving average of $122.45.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 20th. United States Lime & Minerals’s dividend payout ratio is presently 5.27%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of United States Lime & Minerals in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Hedge Funds Weigh In On United States Lime & Minerals

A number of hedge funds have recently modified their holdings of USLM. Quarry LP purchased a new stake in United States Lime & Minerals in the 3rd quarter valued at about $33,000. Comerica Bank acquired a new stake in shares of United States Lime & Minerals during the third quarter valued at about $85,000. Osaic Holdings Inc. increased its position in shares of United States Lime & Minerals by 69.5% during the second quarter. Osaic Holdings Inc. now owns 939 shares of the construction company’s stock valued at $94,000 after acquiring an additional 385 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at approximately $108,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of United States Lime & Minerals in the 3rd quarter worth approximately $229,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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.