OLD National Bancorp IN Takes Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

OLD National Bancorp IN acquired a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,500 shares of the construction company's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USLM. Farther Finance Advisors LLC grew its position in 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 worth $30,000 after purchasing an additional 279 shares during the last quarter. Amalgamated Bank raised its stake in shares of United States Lime & Minerals by 400.0% in the third quarter. Amalgamated Bank now owns 360 shares of the construction company's stock worth $35,000 after acquiring an additional 288 shares during the last quarter. nVerses Capital LLC bought a new position in shares of United States Lime & Minerals in the third quarter worth about $49,000. FMR LLC raised its stake in shares of 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 during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of United States Lime & Minerals by 3,865.7% during the third quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company's stock worth $136,000 after buying an additional 1,353 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

United States Lime & Minerals Trading Down 0.5 %

Shares of USLM traded down $0.61 during midday trading on Wednesday, reaching $111.70. The stock had a trading volume of 103,642 shares, compared to its average volume of 139,232. The firm has a 50 day simple moving average of $131.14 and a 200-day simple moving average of $109.44. United States Lime & Minerals, Inc. has a one year low of $48.38 and a one year high of $159.53. The firm has a market cap of $3.19 billion, a PE ratio of 32.38 and a beta of 0.91.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%.

United States Lime & Minerals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be given a $0.06 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.21%. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. United States Lime & Minerals's payout ratio is 5.80%.

Analysts Set New Price Targets

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 Transactions at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 22,261 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the sale, the chief executive officer now directly owns 125,004 shares of the company's stock, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Nathan O'neill sold 1,750 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the transaction, the vice president now owns 7,880 shares in the company, valued at $1,101,072.40. The trade was a 18.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.62% 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.