Copeland Capital Management LLC Sells 42,291 Shares of United States Lime & Minerals, Inc. $USLM

Copeland Capital Management LLC cut its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 22.7% in the first quarter, HoldingsChannel reports. The firm owned 143,665 shares of the construction company’s stock after selling 42,291 shares during the quarter. Copeland Capital Management LLC’s holdings in United States Lime & Minerals were worth $18,764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of USLM. Roberts Glore & Co. Inc. IL purchased a new position in shares of United States Lime & Minerals in the 1st quarter worth $227,000. Principal Financial Group Inc. grew its position in United States Lime & Minerals by 3.0% in the first quarter. Principal Financial Group Inc. now owns 19,737 shares of the construction company’s stock worth $2,578,000 after acquiring an additional 583 shares in the last quarter. Schwartz Investment Counsel Inc. purchased a new position in United States Lime & Minerals in the first quarter worth about $731,000. Fifth Third Bancorp purchased a new position in United States Lime & Minerals in the first quarter worth about $90,000. Finally, Kestra Advisory Services LLC increased its stake in United States Lime & Minerals by 80.9% during the first quarter. Kestra Advisory Services LLC now owns 2,234 shares of the construction company’s stock worth $292,000 after acquiring an additional 999 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

United States Lime & Minerals Trading Down 3.8%

Shares of NASDAQ:USLM opened at $104.97 on Friday. United States Lime & Minerals, Inc. has a 12 month low of $94.76 and a 12 month high of $141.43. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 23.12 and a beta of 0.72. The firm’s 50-day moving average is $106.65 and its 200 day moving average is $117.09.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data 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). The firm 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 21.28% and a net margin of 35.40%.

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 given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. United States Lime & Minerals’s dividend payout ratio is 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.