United States Lime & Minerals, Inc. (NASDAQ:USLM) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 537.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,844 shares of the construction company's stock after purchasing an additional 4,927 shares during the period. Principal Financial Group Inc.'s holdings in United States Lime & Minerals were worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of United States Lime & Minerals by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company's stock valued at $496,000 after acquiring an additional 217 shares in the last quarter. Algert Global LLC raised its position in United States Lime & Minerals by 31.5% in the 2nd quarter. Algert Global LLC now owns 1,090 shares of the construction company's stock valued at $397,000 after purchasing an additional 261 shares in the last quarter. Farther Finance Advisors LLC boosted 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 during the period. Amalgamated Bank boosted its stake in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company's stock valued at $35,000 after buying an additional 288 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of United States Lime & Minerals by 5.3% during the third quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company's stock worth $575,000 after buying an additional 298 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Trading Down 0.8 %

Shares of USLM stock traded down $0.99 on Monday, reaching $121.98. 106,395 shares of the stock were exchanged, compared to its average volume of 155,232. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 35.36 and a beta of 0.93. The business's 50 day moving average price is $137.89 and its 200 day moving average price is $102.62. United States Lime & Minerals, Inc. has a twelve month low of $43.19 and a twelve month high of $159.53.

United States Lime & Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals's dividend payout ratio (DPR) is presently 5.80%.

Analyst Upgrades and Downgrades

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 related news, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the sale, the chief executive officer now directly owns 125,004 shares in the company, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan O'neill sold 1,750 shares of the company's stock in a transaction 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 completion of the transaction, the vice president now 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 owned by company 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.