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

Geode Capital Management LLC increased its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 422.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 308,049 shares of the construction company's stock after acquiring an additional 249,115 shares during the period. Geode Capital Management LLC owned approximately 1.08% of United States Lime & Minerals worth $30,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of United States Lime & Minerals by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 17,553 shares of the construction company's stock worth $6,392,000 after buying an additional 869 shares during the period. Aptus Capital Advisors LLC purchased a new stake in United States Lime & Minerals during the second quarter worth about $1,685,000. Arizona State Retirement System acquired a new stake in shares of United States Lime & Minerals during the second quarter worth about $233,000. Koss Olinger Consulting LLC purchased a new position in shares of United States Lime & Minerals in the second quarter valued at approximately $758,000. Finally, Quest Partners LLC acquired a new position in shares of United States Lime & Minerals in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 27.12% of the company's stock.

United States Lime & Minerals Stock Down 1.6 %

NASDAQ USLM traded down $2.21 during trading hours on Friday, hitting $135.58. 69,959 shares of the company were exchanged, compared to its average volume of 100,994. The company has a 50 day moving average of $135.30 and a two-hundred day moving average of $100.09. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 39.30 and a beta of 0.89. United States Lime & Minerals, Inc. has a 52-week low of $42.87 and a 52-week high of $159.53.

United States Lime & Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were paid a $0.05 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.15%. United States Lime & Minerals's dividend payout ratio is currently 5.80%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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