Principal Financial Group Inc. Boosts Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Principal Financial Group Inc. increased its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,390 shares of the construction company’s stock after acquiring an additional 546 shares during the quarter. Principal Financial Group Inc.’s holdings in United States Lime & Minerals were worth $848,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of United States Lime & Minerals by 21.6% during the 4th quarter. Rhumbline Advisers now owns 18,632 shares of the construction company’s stock worth $2,473,000 after purchasing an additional 3,306 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in United States Lime & Minerals by 8,695.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,222 shares of the construction company’s stock worth $560,000 after buying an additional 4,174 shares during the last quarter. Comprehensive Financial Planning Inc. PA purchased a new stake in United States Lime & Minerals in the 4th quarter valued at $330,000. Silver Oak Securities Incorporated acquired a new stake in shares of United States Lime & Minerals in the 4th quarter worth $291,000. Finally, OLD National Bancorp IN acquired a new position in shares of United States Lime & Minerals during the 4th quarter valued at about $332,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

USLM opened at $90.32 on Friday. The business’s 50 day moving average price is $111.24 and its 200 day moving average price is $112.27. The stock has a market capitalization of $2.58 billion, a PE ratio of 23.81 and a beta of 0.91. United States Lime & Minerals, Inc. has a one year low of $55.00 and a one year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from United States Lime & Minerals’s previous quarterly dividend of $0.05. United States Lime & Minerals’s dividend payout ratio (DPR) is 6.33%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Monday.

Insider Activity at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction dated 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 owns 2,128 shares of the company’s stock, valued at approximately $201,330.08. This represents a 59.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is owned by insiders.

United States Lime & Minerals Company 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.