Franklin Resources Inc. Has $612,000 Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Franklin Resources Inc. raised its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 432.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,036 shares of the construction company’s stock after purchasing an additional 4,902 shares during the period. Franklin Resources Inc.’s holdings in United States Lime & Minerals were worth $612,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of USLM. Thrivent Financial for Lutherans boosted its position in shares of 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 valued at $47,845,000 after purchasing an additional 327,983 shares in the last quarter. Royce & Associates LP boosted its holdings 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 worth $34,396,000 after buying an additional 268,800 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of United States Lime & Minerals by 422.7% during the 3rd quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock worth $30,089,000 after buying an additional 249,115 shares in the last quarter. State Street Corp grew 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 worth $23,714,000 after buying an additional 196,277 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of United States Lime & Minerals by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 158,910 shares of the construction company’s stock valued at $57,872,000 after acquiring an additional 1,900 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

United States Lime & Minerals Stock Performance

USLM stock opened at $134.64 on Tuesday. United States Lime & Minerals, Inc. has a fifty-two week low of $42.87 and a fifty-two week high of $159.53. The stock’s 50 day simple moving average is $135.92 and its 200 day simple moving average is $101.04. The company has a market cap of $3.85 billion, a P/E ratio of 39.03 and a beta of 0.89.

United States Lime & Minerals Dividend Announcement

The company 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 was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is currently 5.80%.

Insider Activity at United States Lime & Minerals

In other news, VP Nathan O’neill sold 1,750 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total value 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 $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 125,004 shares in the company, valued at $17,716,816.92. This represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

About United States Lime & Minerals

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.