Pinnacle Wealth Management LLC Acquires New Stake in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Pinnacle Wealth Management LLC purchased a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,227 shares of the construction company's stock, valued at approximately $2,021,000. United States Lime & Minerals accounts for approximately 2.2% of Pinnacle Wealth Management LLC's portfolio, making the stock its 23rd biggest holding. Pinnacle Wealth Management LLC owned 0.05% of United States Lime & Minerals as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Select Equity Group L.P. lifted 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 purchasing an additional 103,948 shares in the last quarter. Millennium Management LLC raised its holdings in United States Lime & Minerals by 1,631.4% in the 4th quarter. Millennium Management LLC now owns 63,854 shares of the construction company's stock valued at $8,476,000 after acquiring an additional 60,166 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in United States Lime & Minerals by 486.5% in the 4th 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 in the last quarter. Algert Global LLC boosted its holdings in shares of United States Lime & Minerals by 425.0% during the 4th quarter. Algert Global LLC now owns 40,160 shares of the construction company's stock worth $5,331,000 after purchasing an additional 32,510 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of United States Lime & Minerals by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock valued at $67,372,000 after purchasing an additional 28,947 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM traded up $2.79 during trading on Tuesday, hitting $105.42. 42,428 shares of the company were exchanged, compared to its average volume of 96,772. The company has a fifty day moving average price of $94.70 and a 200-day moving average price of $112.17. The firm has a market capitalization of $3.02 billion, a PE ratio of 27.78 and a beta of 0.97. United States Lime & Minerals, Inc. has a 12-month low of $64.25 and a 12-month high of $159.53.

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

United States Lime & Minerals Announces Dividend

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