JPMorgan Chase & Co. Acquires 8,768 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

JPMorgan Chase & Co. lifted its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 454.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,697 shares of the construction company's stock after purchasing an additional 8,768 shares during the quarter. JPMorgan Chase & Co.'s holdings in United States Lime & Minerals were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in USLM. Farther Finance Advisors LLC grew 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 buying an additional 279 shares in the last quarter. Amalgamated Bank lifted its stake in United States Lime & Minerals by 400.0% in the third quarter. Amalgamated Bank now owns 360 shares of the construction company's stock valued at $35,000 after acquiring an additional 288 shares during the last quarter. nVerses Capital LLC bought a new stake in United States Lime & Minerals in the third quarter worth approximately $49,000. FMR LLC grew its position in United States Lime & Minerals by 403.0% in the third quarter. FMR LLC now owns 503 shares of the construction company's stock worth $49,000 after acquiring an additional 403 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of United States Lime & Minerals by 3,865.7% during the 3rd quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company's stock worth $136,000 after purchasing an additional 1,353 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Performance

Shares of USLM traded down $2.53 during trading hours on Friday, hitting $116.15. 138,786 shares of the company were exchanged, compared to its average volume of 91,879. The firm's 50 day moving average is $135.98 and its 200-day moving average is $107.53. United States Lime & Minerals, Inc. has a 52 week low of $48.38 and a 52 week high of $159.53. The company has a market cap of $3.32 billion, a PE ratio of 33.67 and a beta of 0.93.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $1.16 earnings per share (EPS) for the quarter. United States Lime & Minerals had a return on equity of 22.95% and a net margin of 32.60%. The firm had revenue of $89.43 million during the quarter.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.05 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.20 annualized dividend and a yield of 0.17%. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.80%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other 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 value 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 approximately $17,716,816.92. This represents a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nathan O'neill sold 1,750 shares of the firm's 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 completion of the sale, 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. Insiders own 2.16% of the company's stock.

United States Lime & Minerals 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.