Steward Partners Investment Advisory LLC Raises Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Steward Partners Investment Advisory LLC grew its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 136.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 885 shares of the construction company’s stock after buying an additional 510 shares during the period. Steward Partners Investment Advisory LLC’s holdings in United States Lime & Minerals were worth $117,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of United States Lime & Minerals by 537.3% during the 3rd quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company’s stock valued at $571,000 after buying an additional 4,927 shares during the last quarter. Minerva Advisors LLC lifted its position in shares of United States Lime & Minerals by 400.0% during the 3rd quarter. Minerva Advisors LLC now owns 6,250 shares of the construction company’s stock valued at $608,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in United States Lime & Minerals by 422.7% during the 3rd 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. Franklin Resources Inc. lifted its holdings in United States Lime & Minerals by 432.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company’s stock worth $612,000 after purchasing an additional 4,902 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in United States Lime & Minerals during the 3rd quarter worth about $1,791,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Performance

Shares of USLM opened at $93.22 on Monday. The stock’s 50-day simple moving average is $106.44 and its 200 day simple moving average is $113.21. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 24.57 and a beta of 0.90. United States Lime & Minerals, Inc. has a 52-week low of $57.32 and a 52-week high of $159.53.

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

United States Lime & Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. This is a boost from United States Lime & Minerals’s previous quarterly dividend of $0.05. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 6.33%.

Analyst Ratings Changes

Separately, StockNews.com cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a report on Friday.

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, Director Sandra C. Duhe sold 3,157 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the sale, the director now owns 2,128 shares of the company’s stock, valued at $201,330.08. This trade represents a 59.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.16% of the company’s stock.

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.