Voleon Capital Management LP purchased a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,160 shares of the construction company's stock, valued at approximately $552,000.
A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in United States Lime & Minerals by 537.3% in the 3rd quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company's stock worth $571,000 after acquiring an additional 4,927 shares during the last quarter. Franklin Resources Inc. lifted its holdings in United States Lime & Minerals by 432.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company's stock valued at $612,000 after purchasing an additional 4,902 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 8,768 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of United States Lime & Minerals in the third quarter valued at approximately $640,000. Finally, Barclays PLC increased its stake in shares of United States Lime & Minerals by 1,182.8% in the 3rd quarter. Barclays PLC now owns 21,512 shares of the construction company's stock worth $2,101,000 after acquiring an additional 19,835 shares during the last quarter. Institutional investors own 27.12% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded United States Lime & Minerals from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.
View Our Latest Stock Analysis on United States Lime & Minerals
United States Lime & Minerals Stock Performance
USLM stock traded down $1.02 during mid-day trading on Wednesday, reaching $97.52. The company had a trading volume of 12,924 shares, compared to its average volume of 99,206. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 25.70 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. The firm has a fifty day simple moving average of $91.64 and a 200 day simple moving average of $113.31.
United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.19 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a $0.06 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.25%. United States Lime & Minerals's dividend payout ratio is currently 5.71%.
Insider Activity at United States Lime & Minerals
In other United States Lime & Minerals 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.46% of the stock is currently owned by corporate insiders.
United States Lime & Minerals Company Profile
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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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