Fmr LLC Raises Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Fmr LLC lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 403.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 503 shares of the construction company’s stock after purchasing an additional 403 shares during the period. Fmr LLC’s holdings in United States Lime & Minerals were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in United States Lime & Minerals by 202.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock worth $47,845,000 after buying an additional 327,983 shares in the last quarter. Royce & Associates LP boosted its stake in shares of United States Lime & Minerals by 322.3% in the third quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock worth $34,396,000 after acquiring an additional 268,800 shares during the period. Diamond Hill Capital Management Inc. raised its stake in United States Lime & Minerals by 352.0% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company’s stock valued at $10,062,000 after purchasing an additional 80,237 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in United States Lime & Minerals by 417.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,757 shares of the construction company’s stock worth $8,375,000 after purchasing an additional 69,191 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in United States Lime & Minerals in the 2nd quarter worth approximately $21,119,000. 27.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy W. Byrne sold 22,261 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total value of $3,155,051.53. Following the sale, the chief executive officer now directly owns 125,004 shares of the company’s stock, valued at $17,716,816.92. This represents a 15.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,101,072.40. The trade was a 18.17 % decrease in their position. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by insiders.

United States Lime & Minerals Trading Up 0.9 %

Shares of USLM stock opened at $136.26 on Wednesday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 39.50 and a beta of 0.88. United States Lime & Minerals, Inc. has a 12-month low of $42.87 and a 12-month high of $159.53. The stock’s 50-day moving average price is $132.64 and its 200-day moving average price is $98.58.

United States Lime & Minerals Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.