Advisors Asset Management Inc. Boosts Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Advisors Asset Management Inc. raised its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 42.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,270 shares of the construction company’s stock after buying an additional 14,323 shares during the quarter. Advisors Asset Management Inc. owned about 0.17% of United States Lime & Minerals worth $6,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in United States Lime & Minerals during the fourth quarter worth about $1,061,000. Sequoia Financial Advisors LLC purchased a new position in United States Lime & Minerals during the fourth quarter worth about $382,000. Sound View Wealth Advisors Group LLC boosted its holdings in shares of United States Lime & Minerals by 3.8% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company’s stock worth $733,000 after purchasing an additional 200 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of United States Lime & Minerals in the 4th quarter worth about $146,000. Finally, Inceptionr LLC purchased a new position in shares of United States Lime & Minerals in the 4th quarter worth about $553,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sandra C. Duhe sold 3,157 shares of the business’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 completion of the sale, the director now owns 2,128 shares of the company’s stock, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.16% of the stock is currently owned by corporate insiders.

United States Lime & Minerals Trading Down 1.8 %

USLM opened at $91.44 on Wednesday. The stock has a 50-day moving average price of $105.35 and a 200-day moving average price of $113.38. United States Lime & Minerals, Inc. has a 12-month low of $57.32 and a 12-month high of $159.53. The stock has a market capitalization of $2.62 billion, a P/E ratio of 24.10 and a beta of 0.90.

United States Lime & Minerals (NASDAQ:USLM) last posted 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 business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. United States Lime & Minerals’s payout ratio is 6.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

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.