Geode Capital Management LLC Grows Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Geode Capital Management LLC grew its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 422.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 308,049 shares of the construction company’s stock after acquiring an additional 249,115 shares during the period. Geode Capital Management LLC owned about 1.08% of United States Lime & Minerals worth $30,089,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in United States Lime & Minerals by 900.0% during the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock valued at $30,000 after purchasing an additional 279 shares during the last quarter. Amalgamated Bank lifted its stake in shares of United States Lime & Minerals by 400.0% during the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at approximately $49,000. FMR LLC boosted its holdings in United States Lime & Minerals by 403.0% in the 3rd quarter. FMR LLC now owns 503 shares of the construction company’s stock worth $49,000 after buying an additional 403 shares during the period. Finally, Quest Partners LLC purchased a new position in United States Lime & Minerals in the 2nd quarter valued at approximately $125,000. Institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

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 Up 1.1 %

Shares of NASDAQ USLM opened at $137.79 on Friday. The company has a market cap of $3.94 billion, a P/E ratio of 39.94 and a beta of 0.88. United States Lime & Minerals, Inc. has a 52 week low of $42.87 and a 52 week high of $159.53. The business has a 50-day simple moving average of $134.00 and a two-hundred day simple moving average of $99.34.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given 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 currently 5.80%.

Insider Activity at United States Lime & Minerals

In related news, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the completion of the sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at approximately $17,716,816.92. This trade represents a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan O’neill sold 1,750 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value of $244,527.50. Following the transaction, the vice president now 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 ownership of the stock. The disclosure for this sale can be found here. 1.62% of the stock is owned by corporate 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.