Lazard Asset Management LLC Acquires 19,773 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Lazard Asset Management LLC boosted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 95.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,511 shares of the construction company's stock after purchasing an additional 19,773 shares during the period. Lazard Asset Management LLC owned approximately 0.14% of United States Lime & Minerals worth $5,377,000 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. Franklin Resources Inc. boosted its stake in United States Lime & Minerals by 432.3% during the third quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company's stock valued at $612,000 after buying an additional 4,902 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of United States Lime & Minerals by 454.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,697 shares of the construction company's stock valued at $1,045,000 after purchasing an additional 8,768 shares in the last quarter. Barclays PLC boosted its position in shares of United States Lime & Minerals by 1,182.8% during the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company's stock valued at $2,101,000 after purchasing an additional 19,835 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of United States Lime & Minerals by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 6,390 shares of the construction company's stock worth $848,000 after purchasing an additional 546 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of United States Lime & Minerals by 16.8% in the 4th quarter. Victory Capital Management Inc. now owns 21,425 shares of the construction company's stock worth $2,844,000 after purchasing an additional 3,081 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd.

United States Lime & Minerals Trading Up 1.0%

Shares of USLM traded up $1.07 during midday trading on Monday, hitting $104.99. The stock had a trading volume of 48,797 shares, compared to its average volume of 97,236. The business has a 50-day simple moving average of $93.39 and a two-hundred day simple moving average of $113.12. The firm has a market cap of $3.01 billion, a P/E ratio of 27.67 and a beta of 0.97. United States Lime & Minerals, Inc. has a fifty-two week low of $64.25 and a fifty-two week high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.19 EPS for the quarter. United States Lime & Minerals had a net margin of 34.27% and a return on equity of 24.55%. The firm had revenue of $91.25 million during 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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. United States Lime & Minerals's payout ratio is 5.71%.

Insider Buying and Selling

In other news, Director Sandra C. Duhe sold 3,157 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the transaction, the director now owns 2,128 shares in the company, valued at $201,330.08. This represents a 59.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.46% of the company's stock.

United States Lime & Minerals Company 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.