JPMorgan Chase & Co. Grows Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

JPMorgan Chase & Co. grew its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 454.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,697 shares of the construction company’s stock after purchasing an additional 8,768 shares during the quarter. JPMorgan Chase & Co.’s holdings in United States Lime & Minerals were worth $1,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings 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 acquiring an additional 327,983 shares in the last quarter. Royce & Associates LP grew its position 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 valued at $34,396,000 after purchasing an additional 268,800 shares during the period. Geode Capital Management LLC increased its stake in shares of United States Lime & Minerals by 422.7% during the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock worth $30,089,000 after purchasing an additional 249,115 shares in the last quarter. State Street Corp raised 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 purchasing an additional 196,277 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in United States Lime & Minerals by 352.0% in 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 buying an additional 80,237 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Nathan O’neill sold 1,750 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This represents a 18.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals 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 completion of the sale, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. This trade represents a 15.12 % 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 Trading Down 2.1 %

Shares of NASDAQ USLM opened at $116.15 on Friday. The stock has a market cap of $3.32 billion, a P/E ratio of 33.67 and a beta of 0.93. The business’s fifty day simple moving average is $135.98 and its 200-day simple moving average is $107.28. United States Lime & Minerals, Inc. has a 12-month low of $48.38 and a 12-month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.16 EPS for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%. The company had revenue of $89.43 million for the quarter.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.17%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio is presently 5.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 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.