United States Lime & Minerals, Inc. $USLM Stock: Vest Financial LLC Boosts Stake

Vest Financial LLC raised its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 53.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,198 shares of the construction company's stock after purchasing an additional 17,891 shares during the quarter. Vest Financial LLC owned 0.18% of United States Lime & Minerals worth $5,791,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of United States Lime & Minerals during the second quarter valued at approximately $174,390,000. First Trust Advisors LP raised its position in United States Lime & Minerals by 85.0% in the first quarter. First Trust Advisors LP now owns 441,951 shares of the construction company's stock worth $57,723,000 after purchasing an additional 203,030 shares in the last quarter. State Street Corp raised its position in United States Lime & Minerals by 78.1% in the second quarter. State Street Corp now owns 419,491 shares of the construction company's stock worth $43,908,000 after purchasing an additional 183,902 shares in the last quarter. William Blair Investment Management LLC acquired a new position in United States Lime & Minerals in the second quarter worth about $17,782,000. Finally, Bank of New York Mellon Corp bought a new position in United States Lime & Minerals during the second quarter worth about $9,593,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded United States Lime & Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, United States Lime & Minerals currently has an average rating of "Buy".

United States Lime & Minerals Trading Up 0.2%

Shares of USLM stock opened at $111.71 on Friday. The firm has a fifty day simple moving average of $113.47 and a two-hundred day simple moving average of $113.49. The firm has a market capitalization of $3.20 billion, a PE ratio of 23.88 and a beta of 0.66. United States Lime & Minerals, Inc. has a 12 month low of $96.27 and a 12 month high of $141.43.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.10). The business had revenue of $99.13 million for the quarter, compared to the consensus estimate of $108.00 million. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.

United States Lime & Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 21st. United States Lime & Minerals's payout ratio is 5.14%.

Insider Buying and Selling at United States Lime & Minerals

In related news, major shareholder Holdings Ltd. Candou purchased 20,000 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were bought at an average cost of $110.00 per share, for a total transaction of $2,200,000.00. Following the completion of the purchase, the insider directly owned 17,673,780 shares of the company's stock, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Antoine M. Doumet sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the director directly owned 90,000 shares in the company, valued at approximately $9,900,000. The trade was a 18.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.50% of the company's stock.

United States Lime & Minerals Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.

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