Handelsbanken Fonder AB Takes $279,000 Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Handelsbanken Fonder AB bought a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,100 shares of the construction company’s stock, valued at approximately $279,000.

A number of other large investors have also bought and sold shares of the business. Thrivent Financial for Lutherans raised its position 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 purchasing an additional 327,983 shares during the last quarter. Royce & Associates LP boosted its position in shares of United States Lime & Minerals by 322.3% during the third 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 during the period. Geode Capital Management LLC boosted its holdings in 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 during the last quarter. State Street Corp raised its holdings in United States Lime & Minerals by 421.7% during the third quarter. State Street Corp now owns 242,826 shares of the construction company’s stock worth $23,714,000 after acquiring an additional 196,277 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of 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 valued at $10,062,000 after buying an additional 80,237 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM opened at $90.48 on Tuesday. The stock’s fifty day moving average is $114.00 and its 200 day moving average is $112.47. United States Lime & Minerals, Inc. has a 52 week low of $50.78 and a 52 week high of $159.53. The stock has a market capitalization of $2.59 billion, a P/E ratio of 23.85 and a beta of 0.91.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 EPS for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%.

United States Lime & Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be paid a $0.06 dividend. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, February 21st. United States Lime & Minerals’s payout ratio is currently 6.33%.

Insider Buying and Selling

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now directly owns 2,128 shares in the company, valued at approximately $201,330.08. This trade represents a 59.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research note on Monday.

United States Lime & Minerals 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.