Alliancebernstein L.P. Buys 22,840 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Alliancebernstein L.P. lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 252.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,890 shares of the construction company’s stock after buying an additional 22,840 shares during the quarter. Alliancebernstein L.P.’s holdings in United States Lime & Minerals were worth $4,233,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position 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 acquiring an additional 249,115 shares during the last quarter. State Street Corp lifted its holdings in United States Lime & Minerals by 421.7% during the 3rd quarter. State Street Corp now owns 242,826 shares of the construction company’s stock worth $23,714,000 after purchasing an additional 196,277 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in United States Lime & Minerals by 486.5% in the 4th quarter. JPMorgan Chase & Co. now owns 62,736 shares of the construction company’s stock valued at $8,328,000 after purchasing an additional 52,039 shares during the period. Raymond James Financial Inc. acquired a new position in United States Lime & Minerals in the 4th quarter valued at $3,612,000. Finally, Barclays PLC increased its position in United States Lime & Minerals by 1,182.8% during the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company’s stock worth $2,101,000 after buying an additional 19,835 shares during the period. Institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Stock Up 1.9 %

NASDAQ USLM opened at $91.63 on Monday. The firm has a 50-day moving average price of $94.60 and a two-hundred day moving average price of $113.95. United States Lime & Minerals, Inc. has a 12-month low of $57.70 and a 12-month high of $159.53. The company has a market capitalization of $2.62 billion, a P/E ratio of 24.15 and a beta of 0.93.

United States Lime & Minerals (NASDAQ:USLM) last issued its quarterly 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 return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a $0.06 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd.

Insider Activity 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 shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the transaction, the director now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by insiders.

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.