Diamond Hill Capital Management Inc. Boosts Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Diamond Hill Capital Management Inc. grew its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 352.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,033 shares of the construction company's stock after buying an additional 80,237 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.36% of United States Lime & Minerals worth $10,062,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC boosted its stake in shares of United States Lime & Minerals by 1.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,289 shares of the construction company's stock worth $3,019,000 after acquiring an additional 84 shares during the period. The Manufacturers Life Insurance Company grew its stake in United States Lime & Minerals by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company's stock valued at $496,000 after purchasing an additional 217 shares during the period. CWM LLC increased its stake in shares of United States Lime & Minerals by 1,104.8% during the second quarter. CWM LLC now owns 253 shares of the construction company's stock valued at $92,000 after buying an additional 232 shares during the period. Algert Global LLC lifted its stake in shares of United States Lime & Minerals by 31.5% in the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company's stock valued at $397,000 after purchasing an additional 261 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings 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 worth $30,000 after buying an additional 279 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Down 2.4 %

Shares of USLM traded down $3.42 during mid-day trading on Tuesday, reaching $138.88. 57,571 shares of the stock traded hands, compared to its average volume of 98,518. The stock has a fifty day simple moving average of $99.03 and a 200 day simple moving average of $82.53. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 41.25 and a beta of 0.82. United States Lime & Minerals, Inc. has a 12-month low of $39.81 and a 12-month high of $146.70.

United States Lime & Minerals Announces Dividend

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

Analysts Set New Price Targets

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

Insider Activity at United States Lime & Minerals

In related news, Director Richard W. Cardin sold 12,000 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total value of $934,560.00. Following the sale, the director now directly owns 14,300 shares of the company's stock, valued at $1,113,684. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is owned by insiders.

United States Lime & Minerals Company Profile

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.