15,227 Shares in United States Lime & Minerals, Inc. (NASDAQ:USLM) Purchased by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC acquired a new stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,227 shares of the construction company's stock, valued at approximately $2,021,000. United States Lime & Minerals comprises 2.2% of Pinnacle Wealth Management LLC's holdings, making the stock its 23rd largest position. Pinnacle Wealth Management LLC owned approximately 0.05% of United States Lime & Minerals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of United States Lime & Minerals by 34.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,030 shares of the construction company's stock worth $2,393,000 after purchasing an additional 4,592 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of United States Lime & Minerals during the 4th quarter worth about $334,000. State of Wyoming acquired a new stake in United States Lime & Minerals in the 4th quarter worth about $35,000. Select Equity Group L.P. increased its holdings in United States Lime & Minerals by 46.3% in the 4th quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock valued at $43,586,000 after buying an additional 103,948 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of United States Lime & Minerals during the 4th quarter valued at approximately $36,000. Institutional investors own 27.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd.

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM traded down $2.15 during mid-day trading on Wednesday, hitting $103.12. The stock had a trading volume of 14,417 shares, compared to its average volume of 96,618. The business has a 50 day moving average price of $94.92 and a two-hundred day moving average price of $112.12. The firm has a market cap of $2.95 billion, a P/E ratio of 27.13 and a beta of 0.97. United States Lime & Minerals, Inc. has a 1 year low of $64.25 and a 1 year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced 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 net margin of 34.27% and a return on equity of 24.55%. The company had revenue of $91.25 million for the quarter.

United States Lime & Minerals Announces Dividend

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

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.