Charles Schwab Investment Management Inc. Acquires 69,191 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Charles Schwab Investment Management Inc. lifted its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 417.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,757 shares of the construction company's stock after buying an additional 69,191 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.30% of United States Lime & Minerals worth $8,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of USLM. Farther Finance Advisors LLC increased its stake in shares of United States Lime & Minerals by 900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock valued at $30,000 after purchasing an additional 279 shares during the last quarter. Amalgamated Bank boosted its stake in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company's stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of United States Lime & Minerals in the 3rd quarter valued at approximately $49,000. CWM LLC boosted its stake in shares of United States Lime & Minerals by 1,104.8% in the 2nd quarter. CWM LLC now owns 253 shares of the construction company's stock valued at $92,000 after purchasing an additional 232 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of United States Lime & Minerals in the 2nd quarter valued at approximately $125,000. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a research report on Tuesday, October 22nd.

United States Lime & Minerals Stock Performance

Shares of NASDAQ:USLM traded up $2.95 during mid-day trading on Wednesday, reaching $146.57. 117,684 shares of the company's stock were exchanged, compared to its average volume of 100,875. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 41.63 and a beta of 0.88. The business's fifty day moving average price is $123.71 and its 200-day moving average price is $93.48. United States Lime & Minerals, Inc. has a twelve month low of $42.87 and a twelve month high of $159.53.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals's dividend payout ratio is currently 5.80%.

Insider Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the transaction, the chief executive officer now directly owns 125,004 shares in the company, valued at approximately $17,716,816.92. This represents a 15.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan O'neill sold 1,750 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following the transaction, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.62% of the stock is owned by insiders.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.