M&T Bank Corp Purchases Shares of 1,549 United States Lime & Minerals, Inc. (NASDAQ:USLM)

M&T Bank Corp purchased a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,549 shares of the construction company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its holdings 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 purchasing an additional 3,081 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United States Lime & Minerals by 12.1% in 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 during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of United States Lime & Minerals by 136.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the construction company’s stock worth $117,000 after purchasing an additional 510 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 worth $158,000 after purchasing an additional 633 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of United States Lime & Minerals in the fourth quarter worth approximately $421,000. 27.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sandra C. Duhe sold 3,157 shares of the firm’s stock in a transaction 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 $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of United States Lime & Minerals from a “buy” rating to a “hold” rating in a report on Friday.

United States Lime & Minerals Stock Performance

Shares of United States Lime & Minerals stock opened at $93.22 on Friday. United States Lime & Minerals, Inc. has a 52-week low of $57.32 and a 52-week high of $159.53. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 24.57 and a beta of 0.90. The company’s 50 day moving average price is $106.44 and its 200-day moving average price is $112.97.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $0.94 EPS 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a $0.06 dividend. This is a positive change 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 0.26%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 6.33%.

About United States Lime & Minerals

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.