JPMorgan Chase & Co. increased its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 486.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,736 shares of the construction company's stock after acquiring an additional 52,039 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of United States Lime & Minerals worth $8,328,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of United States Lime & Minerals in the 4th quarter valued at about $25,000. FMR LLC increased its holdings in shares of United States Lime & Minerals by 403.0% during the third quarter. FMR LLC now owns 503 shares of the construction company's stock valued at $49,000 after acquiring an additional 403 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of United States Lime & Minerals by 136.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the construction company's stock worth $117,000 after purchasing an additional 510 shares during the period. AlphaQuest LLC bought a new position in shares of United States Lime & Minerals in the 4th quarter worth $146,000. Finally, Jones Financial Companies Lllp increased its stake in United States Lime & Minerals by 114.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,188 shares of the construction company's stock valued at $158,000 after purchasing an additional 633 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.
United States Lime & Minerals Price Performance
Shares of USLM stock traded down $0.91 during trading hours on Friday, reaching $90.85. The company had a trading volume of 68,331 shares, compared to its average volume of 101,030. The business has a fifty day simple moving average of $93.03 and a 200-day simple moving average of $113.87. United States Lime & Minerals, Inc. has a 12 month low of $59.65 and a 12 month high of $159.53. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 23.95 and a beta of 0.93.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last posted its 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from United States Lime & Minerals's previous quarterly dividend of $0.05. United States Lime & Minerals's payout ratio is presently 6.33%.
Insider Activity
In other news, Director Sandra C. Duhe sold 3,157 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 1.46% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of United States Lime & Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd.
Get Our Latest Analysis on USLM
About United States Lime & Minerals
(
Free Report)
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.
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