State Street Corp Increases Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

State Street Corp increased its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 421.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 242,826 shares of the construction company’s stock after acquiring an additional 196,277 shares during the period. State Street Corp’s holdings in United States Lime & Minerals were worth $23,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of USLM. Thrivent Financial for Lutherans raised its position in shares of 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 stake in 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 purchasing an additional 268,800 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in United States Lime & Minerals by 352.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company’s stock worth $10,062,000 after purchasing an additional 80,237 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in United States Lime & Minerals by 417.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 85,757 shares of the construction company’s stock valued at $8,375,000 after buying an additional 69,191 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of United States Lime & Minerals during the 2nd quarter valued at $21,119,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan O’neill sold 1,750 shares of the company’s stock in a transaction 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 sale, the vice president now owns 7,880 shares of the company’s stock, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Performance

NASDAQ:USLM opened at $132.95 on Monday. The firm has a market cap of $3.80 billion, a P/E ratio of 38.54 and a beta of 0.89. United States Lime & Minerals, Inc. has a fifty-two week low of $42.87 and a fifty-two week high of $159.53. The firm has a 50-day simple moving average of $131.97 and a two-hundred day simple moving average of $98.09.

United States Lime & Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals’s dividend payout ratio (DPR) is currently 5.80%.

United States Lime & Minerals 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.