AQR Capital Management LLC cut its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,286 shares of the construction company's stock after selling 6,325 shares during the period. AQR Capital Management LLC owned 0.18% of United States Lime & Minerals worth $6,675,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USLM. JPMorgan Chase & Co. boosted its position in 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 valued at $8,328,000 after buying an additional 52,039 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of United States Lime & Minerals during the fourth quarter worth $3,612,000. Alliancebernstein L.P. grew its holdings in shares of United States Lime & Minerals by 252.4% during 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 grew its holdings in shares of United States Lime & Minerals by 1,182.8% during 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 grew its holdings in shares of United States Lime & Minerals by 461.3% during 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 institutional investors and hedge funds.
Insider Buying and Selling
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 transaction of $298,683.77. Following the completion of the sale, the director now directly owns 2,128 shares of the company's stock, valued at $201,330.08. The trade was a 59.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.46% of the stock is currently owned by insiders.
United States Lime & Minerals Price Performance
Shares of USLM stock traded up $1.84 during trading hours on Tuesday, hitting $101.35. 32,511 shares of the company's stock were exchanged, compared to its average volume of 97,414. United States Lime & Minerals, Inc. has a 52 week low of $64.25 and a 52 week high of $159.53. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 26.71 and a beta of 0.97. The stock's 50-day moving average is $92.22 and its 200-day moving average is $113.26.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.19 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%. The business had revenue of $91.25 million for the quarter.
United States Lime & Minerals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.06 per share. 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 (DPR) is 5.71%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd.
Read Our Latest Analysis on USLM
United States Lime & Minerals Company Profile
(
Free Report)
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.
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