Select Equity Group L.P. Has $43.59 Million Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Select Equity Group L.P. raised its position in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 328,354 shares of the construction company's stock after acquiring an additional 103,948 shares during the quarter. Select Equity Group L.P. owned approximately 1.15% of United States Lime & Minerals worth $43,586,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $36,000. National Bank of Canada FI acquired a new stake in United States Lime & Minerals in the fourth quarter valued at $72,000. Steward Partners Investment Advisory LLC lifted its stake in shares of United States Lime & Minerals by 136.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the construction company's stock worth $117,000 after buying an additional 510 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of United States Lime & Minerals during the 4th quarter worth about $146,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Buying and Selling

In related news, Director Sandra C. Duhe sold 3,157 shares of the firm's 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 transaction, the director now directly owns 2,128 shares of the company's stock, valued at approximately $201,330.08. This trade represents a 59.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

United States Lime & Minerals Stock Down 0.3%

Shares of NASDAQ USLM traded down $0.27 during mid-day trading on Thursday, reaching $104.02. 20,038 shares of the company were exchanged, compared to its average volume of 96,608. The company's 50-day simple moving average is $94.11 and its 200-day simple moving average is $112.97. The stock has a market capitalization of $2.98 billion, a P/E ratio of 27.42 and a beta of 0.97. United States Lime & Minerals, Inc. has a twelve month low of $64.25 and a twelve month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $91.25 million during 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 business also recently announced 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, May 23rd. United States Lime & Minerals's dividend payout ratio is presently 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.