Janney Montgomery Scott LLC Reduces Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Janney Montgomery Scott LLC decreased its holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,306 shares of the construction company’s stock after selling 309 shares during the quarter. Janney Montgomery Scott LLC’s holdings in United States Lime & Minerals were worth $837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of United States Lime & Minerals by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,361 shares of the construction company’s stock valued at $496,000 after purchasing an additional 217 shares during the last quarter. SG Americas Securities LLC grew its position in United States Lime & Minerals by 5.3% in the 3rd quarter. SG Americas Securities LLC now owns 5,885 shares of the construction company’s stock worth $575,000 after purchasing an additional 298 shares during the period. CWM LLC raised its stake in United States Lime & Minerals by 691.7% during the 3rd quarter. CWM LLC now owns 2,003 shares of the construction company’s stock valued at $196,000 after buying an additional 1,750 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in United States Lime & Minerals by 392.6% during the 3rd quarter. Contravisory Investment Management Inc. now owns 4,960 shares of the construction company’s stock valued at $484,000 after buying an additional 3,953 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of United States Lime & Minerals by 478.1% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,428 shares of the construction company’s stock valued at $530,000 after buying an additional 4,489 shares during the period. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Down 0.2 %

United States Lime & Minerals stock opened at $111.48 on Friday. The business has a 50-day simple moving average of $130.29 and a two-hundred day simple moving average of $109.45. United States Lime & Minerals, Inc. has a 52-week low of $48.73 and a 52-week high of $159.53. The company has a market cap of $3.19 billion, a P/E ratio of 32.31 and a beta of 0.91.

United States Lime & Minerals (NASDAQ:USLM) last announced its earnings results on Monday, February 3rd. The construction company reported $0.94 earnings per share (EPS) for the quarter. United States Lime & Minerals had a net margin of 32.60% and a return on equity of 22.95%.

United States Lime & Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, February 21st. United States Lime & Minerals’s dividend payout ratio is 6.33%.

Insider Buying and Selling

In related news, VP Nathan O’neill sold 1,750 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $1,101,072.40. This represents a 18.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy W. Byrne sold 22,261 shares of the firm’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 transaction of $3,155,051.53. Following 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 position. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.

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.

About United States Lime & Minerals

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.