Norges Bank bought a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,800 shares of the construction company's stock, valued at approximately $2,496,000. Norges Bank owned 0.07% of United States Lime & Minerals at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of United States Lime & Minerals by 376.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,489 shares of the construction company's stock valued at $634,000 after buying an additional 5,128 shares during the period. FMR LLC lifted its stake in shares of United States Lime & Minerals by 403.0% in the 3rd quarter. FMR LLC now owns 503 shares of the construction company's stock valued at $49,000 after purchasing an additional 403 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of United States Lime & Minerals by 272.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,438 shares of the construction company's stock worth $1,312,000 after purchasing an additional 9,834 shares during the period. Stifel Financial Corp increased its position in shares of United States Lime & Minerals by 309.6% during the 3rd quarter. Stifel Financial Corp now owns 7,233 shares of the construction company's stock worth $706,000 after purchasing an additional 5,467 shares during the last quarter. Finally, State Street Corp raised its holdings in United States Lime & Minerals by 421.7% in the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company's stock valued at $23,714,000 after buying an additional 196,277 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.
United States Lime & Minerals Stock Down 0.6 %
NASDAQ USLM traded down $0.57 on Tuesday, reaching $92.53. The stock had a trading volume of 115,885 shares, compared to its average volume of 101,930. The stock has a fifty day moving average price of $94.23 and a two-hundred day moving average price of $113.94. United States Lime & Minerals, Inc. has a 12-month low of $57.70 and a 12-month high of $159.53. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 24.39 and a beta of 0.93.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.
United States Lime & Minerals Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $0.06 dividend. This is a positive change from United States Lime & Minerals's previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. United States Lime & Minerals's dividend payout ratio (DPR) is presently 6.33%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.
Read Our Latest Report on United States Lime & Minerals
Insider Activity at United States Lime & Minerals
In other news, Director Sandra C. Duhe sold 3,157 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $94.61, for a total transaction of $298,683.77. Following the sale, the director now owns 2,128 shares of the company's stock, valued at approximately $201,330.08. This represents a 59.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.16% of the company's stock.
About United States Lime & Minerals
(
Free Report)
United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.
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