AM Investment Strategies LLC grew its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 400.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,000 shares of the construction company's stock after acquiring an additional 16,000 shares during the quarter. AM Investment Strategies LLC owned about 0.07% of United States Lime & Minerals worth $1,953,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of United States Lime & Minerals by 1,104.8% during the 2nd quarter. CWM LLC now owns 253 shares of the construction company's stock worth $92,000 after acquiring an additional 232 shares during the last quarter. Farther Finance Advisors LLC increased its stake 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. Quest Partners LLC bought a new stake in shares of United States Lime & Minerals during the second quarter worth $125,000. nVerses Capital LLC purchased a new stake in shares of United States Lime & Minerals during the third quarter valued at $49,000. Finally, Arizona State Retirement System bought a new position in shares of United States Lime & Minerals in the second quarter worth about $233,000. Hedge funds and other institutional investors own 27.12% of the company's stock.
United States Lime & Minerals Trading Down 3.8 %
Shares of United States Lime & Minerals stock traded down $4.32 on Friday, hitting $108.46. 134,454 shares of the company traded hands, compared to its average volume of 58,150. The company has a market cap of $3.10 billion, a PE ratio of 31.44 and a beta of 0.82. The stock's 50 day moving average price is $92.79 and its 200-day moving average price is $79.34. United States Lime & Minerals, Inc. has a 52 week low of $37.11 and a 52 week high of $114.75.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.91 earnings per share for the quarter. United States Lime & Minerals had a return on equity of 23.74% and a net margin of 32.60%. The business had revenue of $76.55 million during the quarter.
United States Lime & Minerals Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a $0.05 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. United States Lime & Minerals's payout ratio is currently 5.80%.
Wall Street Analysts Forecast Growth
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.
Read Our Latest Report on USLM
Insider Buying and Selling
In other news, Director Richard W. Cardin sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $77.88, for a total value of $934,560.00. Following the completion of the sale, the director now owns 14,300 shares of the company's stock, valued at approximately $1,113,684. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.16% of the stock is owned by insiders.
About United States Lime & Minerals
(
Free Report)
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.
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