Bank of New York Mellon Corp Sells 29,085 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Bank of New York Mellon Corp lowered its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 36.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,662 shares of the construction company's stock after selling 29,085 shares during the period. Bank of New York Mellon Corp owned about 0.18% of United States Lime & Minerals worth $6,858,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans grew its position in United States Lime & Minerals by 202.6% in the third quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company's stock valued at $47,845,000 after acquiring an additional 327,983 shares during the last quarter. Geode Capital Management LLC boosted its position in United States Lime & Minerals by 422.7% in the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company's stock valued at $30,089,000 after buying an additional 249,115 shares in the last quarter. State Street Corp increased its holdings in shares of United States Lime & Minerals by 421.7% during the third quarter. State Street Corp now owns 242,826 shares of the construction company's stock worth $23,714,000 after buying an additional 196,277 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United States Lime & Minerals by 417.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,757 shares of the construction company's stock valued at $8,375,000 after acquiring an additional 69,191 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in United States Lime & Minerals by 330.6% during the 3rd quarter. Janus Henderson Group PLC now owns 49,612 shares of the construction company's stock worth $4,844,000 after acquiring an additional 38,091 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of United States Lime & Minerals 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 of the company's stock, valued at $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.16% of the company's stock.

United States Lime & Minerals Trading Up 4.7 %

USLM traded up $4.29 during trading on Wednesday, reaching $95.73. 64,484 shares of the company's stock were exchanged, compared to its average volume of 101,293. The stock has a market capitalization of $2.74 billion, a PE ratio of 25.22 and a beta of 0.90. The firm has a fifty day moving average price of $105.35 and a two-hundred day moving average price of $113.38. United States Lime & Minerals, Inc. has a one year low of $57.32 and a one year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, February 21st. United States Lime & Minerals's payout ratio is currently 6.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered United States Lime & Minerals from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

United States Lime & Minerals Company Profile

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.