The Manufacturers Life Insurance Company Trims Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

The Manufacturers Life Insurance Company trimmed its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 6,343 shares of the construction company’s stock after selling 146 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in United States Lime & Minerals were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of USLM. JPMorgan Chase & Co. raised its stake in shares of United States Lime & Minerals by 486.5% in the fourth quarter. JPMorgan Chase & Co. now owns 62,736 shares of the construction company’s stock worth $8,328,000 after purchasing an additional 52,039 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of United States Lime & Minerals in the fourth quarter worth about $3,612,000. Alliancebernstein L.P. raised its stake in shares of United States Lime & Minerals by 252.4% in the fourth quarter. Alliancebernstein L.P. now owns 31,890 shares of the construction company’s stock worth $4,233,000 after purchasing an additional 22,840 shares during the last quarter. Barclays PLC raised its stake in shares of United States Lime & Minerals by 1,182.8% in the third quarter. Barclays PLC now owns 21,512 shares of the construction company’s stock worth $2,101,000 after purchasing an additional 19,835 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of United States Lime & Minerals by 461.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 23,234 shares of the construction company’s stock worth $3,084,000 after purchasing an additional 19,095 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

United States Lime & Minerals Stock Up 0.5%

United States Lime & Minerals stock opened at $103.39 on Thursday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 27.25 and a beta of 0.97. United States Lime & Minerals, Inc. has a 52 week low of $64.25 and a 52 week high of $159.53. The business’s 50-day moving average price is $92.73 and its 200 day moving average price is $113.12.

United States Lime & Minerals (NASDAQ:USLM) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.19 EPS for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%. The firm had revenue of $91.25 million for the quarter.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, May 23rd. United States Lime & Minerals’s payout ratio is currently 5.71%.

Analyst Ratings Changes

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

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 that occurred on 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 directly owns 2,128 shares of the company’s stock, valued at approximately $201,330.08. This trade represents a 59.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.46% of the stock is owned by corporate insiders.

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.