William Blair Investment Management LLC Sells 17,949 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

William Blair Investment Management LLC decreased its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,191 shares of the construction company's stock after selling 17,949 shares during the quarter. William Blair Investment Management LLC owned 0.97% of United States Lime & Minerals worth $36,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in United States Lime & Minerals by 202.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company's stock valued at $47,845,000 after purchasing an additional 327,983 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of United States Lime & Minerals by 422.7% during the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company's stock valued at $30,089,000 after buying an additional 249,115 shares during the last quarter. State Street Corp increased its holdings in United States Lime & Minerals by 421.7% in the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company's stock worth $23,714,000 after buying an additional 196,277 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United States Lime & Minerals by 12.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 96,156 shares of the construction company's stock worth $12,764,000 after buying an additional 10,399 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in United States Lime & Minerals by 330.6% during the 3rd quarter. Janus Henderson Group PLC now owns 49,612 shares of the construction company's stock valued at $4,844,000 after acquiring an additional 38,091 shares during the period. Institutional investors own 27.12% of the company's stock.

Remove Ads

Insider Activity at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of United States Lime & Minerals stock in a transaction on Monday, February 24th. The stock was sold at an average price of $94.61, for a total transaction of $298,683.77. Following the transaction, the director now directly owns 2,128 shares in the company, valued at approximately $201,330.08. The trade was a 59.74 % 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. 2.16% of the stock is currently owned by company insiders.

United States Lime & Minerals Stock Down 1.4 %

USLM traded down $1.32 during mid-day trading on Friday, reaching $93.02. 166,416 shares of the company traded hands, compared to its average volume of 124,477. The company's fifty day moving average price is $104.38 and its 200-day moving average price is $113.13. The stock has a market capitalization of $2.66 billion, a P/E ratio of 24.52 and a beta of 0.90. United States Lime & Minerals, Inc. has a 52-week low of $57.32 and a 52-week high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. United States Lime & Minerals's dividend payout ratio (DPR) is presently 6.33%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of United States Lime & Minerals from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.