Raymond James Financial Inc. acquired a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,211 shares of the construction company's stock, valued at approximately $3,612,000. Raymond James Financial Inc. owned about 0.10% of United States Lime & Minerals at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in USLM. M&T Bank Corp purchased a new stake in United States Lime & Minerals during the 4th quarter valued at about $206,000. Victory Capital Management Inc. raised its position in shares of United States Lime & Minerals by 16.8% in the fourth quarter. Victory Capital Management Inc. now owns 21,425 shares of the construction company's stock worth $2,844,000 after acquiring an additional 3,081 shares during the period. Charles Schwab Investment Management Inc. boosted its position in United States Lime & Minerals by 12.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 96,156 shares of the construction company's stock worth $12,764,000 after purchasing an additional 10,399 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of United States Lime & Minerals by 136.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the construction company's stock valued at $117,000 after buying an additional 510 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of United States Lime & Minerals by 114.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,188 shares of the construction company's stock valued at $158,000 after purchasing an additional 633 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now owns 2,128 shares of the company's stock, valued at approximately $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.16% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Read Our Latest Stock Report on USLM
United States Lime & Minerals Stock Performance
Shares of NASDAQ:USLM traded down $0.73 during trading on Monday, reaching $88.38. The stock had a trading volume of 187,462 shares, compared to its average volume of 104,154. The business has a fifty day moving average price of $100.20 and a 200-day moving average price of $114.29. United States Lime & Minerals, Inc. has a 1-year low of $57.32 and a 1-year high of $159.53. The stock has a market cap of $2.53 billion, a PE ratio of 23.29 and a beta of 0.90.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.
United States Lime & Minerals Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a $0.06 dividend. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. United States Lime & Minerals's dividend payout ratio is presently 6.33%.
About United States Lime & Minerals
(
Free Report)
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.
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