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

Moran Wealth Management LLC grew its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 312.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,086 shares of the construction company’s stock after purchasing an additional 27,344 shares during the quarter. Moran Wealth Management LLC owned approximately 0.13% of United States Lime & Minerals worth $4,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in United States Lime & Minerals in the 4th quarter valued at about $29,000. Quarry LP purchased a new stake in United States Lime & Minerals during the 3rd quarter worth approximately $33,000. Empowered Funds LLC purchased a new stake in United States Lime & Minerals during the 4th quarter worth approximately $42,000. PNC Financial Services Group Inc. raised its holdings in shares of United States Lime & Minerals by 54,900.0% during the third 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 acquired a new position in shares of United States Lime & Minerals during the third quarter valued at approximately $85,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

United States Lime & Minerals Price Performance

United States Lime & Minerals stock opened at $107.50 on Friday. United States Lime & Minerals, Inc. has a 52-week low of $94.76 and a 52-week high of $141.43. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 23.68 and a beta of 0.72. The company has a fifty day simple moving average of $109.93 and a 200-day simple moving average of $118.80.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.14). The business had revenue of $87.83 million during the quarter, compared to analyst estimates of $102.00 million. United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were issued a $0.06 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. United States Lime & Minerals’s dividend payout ratio is presently 5.29%.

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.