Moran Wealth Management LLC Has $784,000 Stock Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Moran Wealth Management LLC increased its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 528.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,030 shares of the construction company's stock after buying an additional 6,752 shares during the period. Moran Wealth Management LLC's holdings in United States Lime & Minerals were worth $784,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in shares of United States Lime & Minerals by 202.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company's stock valued at $47,845,000 after acquiring an additional 327,983 shares during the last quarter. Royce & Associates LP lifted its position in shares of United States Lime & Minerals by 322.3% in the 3rd quarter. Royce & Associates LP now owns 352,200 shares of the construction company's stock worth $34,396,000 after buying an additional 268,800 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of United States Lime & Minerals by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company's stock valued at $57,872,000 after buying an additional 1,900 shares during the period. Vanguard Group Inc. grew its holdings in shares of United States Lime & Minerals by 2.3% during the first quarter. Vanguard Group Inc. now owns 114,041 shares of the construction company's stock valued at $34,000,000 after purchasing an additional 2,526 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in United States Lime & Minerals by 352.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company's stock worth $10,062,000 after buying an additional 80,237 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Performance

Shares of USLM stock traded down $0.55 during mid-day trading on Friday, hitting $149.73. 85,743 shares of the stock traded hands, compared to its average volume of 98,762. United States Lime & Minerals, Inc. has a twelve month low of $41.91 and a twelve month high of $151.47. The company's 50-day simple moving average is $109.36 and its 200-day simple moving average is $86.63. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 43.57 and a beta of 0.82.

United States Lime & Minerals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.13%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is currently 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 research note on Tuesday, October 22nd.

Insider Transactions at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction 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 completion of the sale, the chief executive officer now owns 125,004 shares of the company's stock, valued at approximately $17,716,816.92. This trade represents a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan O'neill sold 1,750 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 2.16% of the stock is currently 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.