Geode Capital Management LLC Purchases 6,482 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Geode Capital Management LLC lifted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 314,531 shares of the construction company's stock after purchasing an additional 6,482 shares during the period. Geode Capital Management LLC owned about 1.10% of United States Lime & Minerals worth $41,759,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in United States Lime & Minerals in the 4th quarter worth $72,000. Alliancebernstein L.P. boosted 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 period. Arrowstreet Capital Limited Partnership grew its stake in shares of United States Lime & Minerals by 461.3% in 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. Orion Portfolio Solutions LLC purchased a new position in United States Lime & Minerals during the 4th quarter valued at about $306,000. Finally, Norges Bank purchased a new position in United States Lime & Minerals during the 4th quarter valued at about $2,496,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Sandra C. Duhe sold 3,157 shares of United States Lime & Minerals stock in a transaction dated 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 transaction, the director now directly owns 2,128 shares of the company's stock, valued at $201,330.08. This trade represents a 59.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com 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 Price Performance

NASDAQ:USLM traded down $0.91 during trading hours on Friday, hitting $90.85. The company had a trading volume of 68,331 shares, compared to its average volume of 101,030. The stock has a 50-day moving average price of $93.03 and a 200 day moving average price of $113.87. The company has a market capitalization of $2.60 billion, a PE ratio of 23.95 and a beta of 0.93. United States Lime & Minerals, Inc. has a 52 week low of $59.65 and a 52 week high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $0.94 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%.

United States Lime & Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were given a $0.06 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. This is a positive change from United States Lime & Minerals's previous quarterly dividend of $0.05. United States Lime & Minerals's dividend payout ratio is currently 6.33%.

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.