Fmr LLC Raises Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Fmr LLC boosted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 403.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503 shares of the construction company’s stock after buying an additional 403 shares during the quarter. Fmr LLC’s holdings in United States Lime & Minerals were worth $49,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in shares of 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 worth $30,000 after acquiring an additional 279 shares during the period. Quest Partners LLC bought a new position in United States Lime & Minerals in the second quarter worth approximately $125,000. Amalgamated Bank increased its holdings in United States Lime & Minerals by 400.0% during the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after purchasing an additional 288 shares during the period. nVerses Capital LLC bought a new stake in United States Lime & Minerals during the 3rd quarter valued at $49,000. Finally, Arizona State Retirement System purchased a new stake in shares of United States Lime & Minerals in the 2nd quarter worth $233,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of the business’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the completion of the sale, the vice president now owns 7,880 shares in the company, valued at $1,101,072.40. This represents 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 company insiders.

United States Lime & Minerals Stock Performance

NASDAQ:USLM opened at $136.26 on Wednesday. The firm has a 50-day simple moving average of $132.64 and a 200-day simple moving average of $98.58. United States Lime & Minerals, Inc. has a one year low of $42.87 and a one year high of $159.53. The firm has a market cap of $3.90 billion, a P/E ratio of 39.50 and a beta of 0.88.

United States Lime & Minerals Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.