Raymond James Financial Inc. Takes Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Raymond James Financial Inc. bought a new position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,211 shares of the construction company's stock, valued at approximately $3,612,000. Raymond James Financial Inc. owned 0.10% of United States Lime & Minerals at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted 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 acquiring an additional 4,927 shares in the last quarter. Franklin Resources Inc. boosted its holdings in United States Lime & Minerals by 432.3% during the third quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company's stock valued at $612,000 after purchasing an additional 4,902 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of United States Lime & Minerals by 454.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,697 shares of the construction company's stock valued at $1,045,000 after purchasing an additional 8,768 shares during the period. Tidal Investments LLC acquired a new position in shares of United States Lime & Minerals in the 3rd quarter worth approximately $640,000. Finally, Barclays PLC lifted its position in shares of 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 and hedge funds own 27.12% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 2,128 shares in the company, valued at $201,330.08. The trade was a 59.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.46% of the stock is owned by company insiders.

United States Lime & Minerals Trading Up 0.7 %

USLM stock traded up $0.72 during trading on Friday, hitting $98.72. 18,523 shares of the stock traded hands, compared to its average volume of 100,266. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 26.05 and a beta of 0.97. United States Lime & Minerals, Inc. has a one year low of $63.09 and a one year high of $159.53. The company has a 50 day simple moving average of $91.36 and a 200 day simple moving average of $113.33.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.19 EPS for the quarter. The business had revenue of $91.25 million 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, May 23rd. United States Lime & Minerals's dividend payout ratio is presently 5.71%.

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.