Franklin Resources Inc. Has $612,000 Stock Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Franklin Resources Inc. raised its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 432.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,036 shares of the construction company's stock after acquiring an additional 4,902 shares during the period. Franklin Resources Inc.'s holdings in United States Lime & Minerals were worth $612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of 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 acquiring an additional 217 shares during the period. Algert Global LLC raised its holdings in United States Lime & Minerals by 31.5% in the second quarter. Algert Global LLC now owns 1,090 shares of the construction company's stock worth $397,000 after purchasing an additional 261 shares during the period. Farther Finance Advisors LLC raised its holdings in United States Lime & Minerals by 900.0% in the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company's stock worth $30,000 after purchasing an additional 279 shares during the period. Amalgamated Bank grew its holdings 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 buying an additional 288 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of United States Lime & Minerals by 5.3% in the 3rd quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company's stock valued at $575,000 after buying an additional 298 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Stock Down 1.4 %

Shares of USLM traded down $1.90 on Tuesday, hitting $132.74. The company's stock had a trading volume of 101,070 shares, compared to its average volume of 100,901. The firm's fifty day moving average price is $136.52 and its 200-day moving average price is $101.49. United States Lime & Minerals, Inc. has a fifty-two week low of $42.87 and a fifty-two week high of $159.53. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 38.48 and a beta of 0.88.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Friday, November 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.80%.

Analysts Set New Price Targets

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

Insider Transactions at United States Lime & Minerals

In other news, VP Nathan O'neill sold 1,750 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following the completion of the transaction, the vice president now directly owns 7,880 shares of the company's stock, valued at $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the transaction, the chief executive officer now owns 125,004 shares of the company's stock, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.

United States Lime & Minerals 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.