State Street Corp Buys 196,277 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

State Street Corp grew its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 421.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,826 shares of the construction company’s stock after buying an additional 196,277 shares during the period. State Street Corp owned 0.85% of United States Lime & Minerals worth $23,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings 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 worth $47,845,000 after acquiring an additional 327,983 shares during the period. Royce & Associates LP grew its position in shares of United States Lime & Minerals by 322.3% during the 3rd quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock valued at $34,396,000 after purchasing an additional 268,800 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of United States Lime & Minerals by 1.2% in the second quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock worth $57,872,000 after purchasing an additional 1,900 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of United States Lime & Minerals by 352.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company’s stock worth $10,062,000 after buying an additional 80,237 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United States Lime & Minerals by 417.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 85,757 shares of the construction company’s stock worth $8,375,000 after buying an additional 69,191 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised United States Lime & Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd.

United States Lime & Minerals Stock Down 0.6 %

NASDAQ USLM opened at $132.95 on Monday. The stock’s 50-day simple moving average is $131.97 and its two-hundred day simple moving average is $98.09. United States Lime & Minerals, Inc. has a twelve month low of $42.87 and a twelve month high of $159.53. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 38.54 and a beta of 0.89.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.15%. United States Lime & Minerals’s dividend payout ratio (DPR) is 5.80%.

Insider Activity at United States Lime & Minerals

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares in the company, valued at approximately $17,716,816.92. The trade was a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following the completion of the sale, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This trade 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 insiders.

United States Lime & Minerals Company 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.