Alliancebernstein L.P. boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 252.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,890 shares of the construction company's stock after buying an additional 22,840 shares during the quarter. Alliancebernstein L.P. owned 0.11% of United States Lime & Minerals worth $4,233,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of United States Lime & Minerals by 403.0% during the 3rd quarter. FMR LLC now owns 503 shares of the construction company's stock worth $49,000 after purchasing an additional 403 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of United States Lime & Minerals by 272.9% during the third 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 buying an additional 9,834 shares during the period. Stifel Financial Corp grew its stake in shares of United States Lime & Minerals by 309.6% in the third quarter. Stifel Financial Corp now owns 7,233 shares of the construction company's stock valued at $706,000 after buying an additional 5,467 shares in the last quarter. State Street Corp raised its holdings in shares of 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. Finally, Jane Street Group LLC lifted its stake in United States Lime & Minerals by 356.8% during the 3rd quarter. Jane Street Group LLC now owns 19,802 shares of the construction company's stock worth $1,934,000 after acquiring an additional 15,467 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.
United States Lime & Minerals Stock Down 0.6 %
USLM stock traded down $0.57 during midday trading on Tuesday, hitting $92.53. The company's stock had a trading volume of 115,885 shares, compared to its average volume of 101,739. United States Lime & Minerals, Inc. has a 52-week low of $57.86 and a 52-week high of $159.53. The firm has a 50-day simple moving average of $94.23 and a 200-day simple moving average of $113.94. The firm has a market capitalization of $2.65 billion, a P/E ratio of 24.39 and a beta of 0.93.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $0.94 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a $0.06 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. United States Lime & Minerals's payout ratio is currently 6.33%.
Insider Buying and Selling at United States Lime & Minerals
In related news, Director Sandra C. Duhe sold 3,157 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of the transaction, the director now owns 2,128 shares in the company, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.16% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised United States Lime & Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd.
Check Out Our Latest Research Report on United States Lime & Minerals
United States Lime & Minerals Profile
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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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