Charles Schwab Investment Management Inc. Buys 10,399 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Charles Schwab Investment Management Inc. lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 12.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 96,156 shares of the construction company’s stock after buying an additional 10,399 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.34% of United States Lime & Minerals worth $12,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of United States Lime & Minerals by 422.7% in 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 period. State Street Corp lifted its position in shares of United States Lime & Minerals by 421.7% during the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company’s stock valued at $23,714,000 after acquiring an additional 196,277 shares during the period. Janus Henderson Group PLC grew its holdings in shares of 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 worth $4,844,000 after purchasing an additional 38,091 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of United States Lime & Minerals by 756.2% in the third quarter. Advisors Asset Management Inc. now owns 33,947 shares of the construction company’s stock worth $3,315,000 after purchasing an additional 29,982 shares during the period. Finally, Barclays PLC raised its stake in United States Lime & Minerals by 1,182.8% in the third quarter. Barclays PLC now owns 21,512 shares of the construction company’s stock valued at $2,101,000 after purchasing an additional 19,835 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

United States Lime & Minerals Trading Down 1.4 %

Shares of USLM stock opened at $93.02 on Friday. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 24.52 and a beta of 0.90. The business’s 50-day moving average price is $103.86 and its 200-day moving average price is $113.21. United States Lime & Minerals, Inc. has a 12 month low of $57.32 and a 12 month 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 return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 21st. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.26%. United States Lime & Minerals’s dividend payout ratio is currently 6.33%.

Wall Street Analyst Weigh In

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