Royce & Associates LP Reduces Stock Holdings in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Royce & Associates LP cut its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,500 shares of the construction company’s stock after selling 84,700 shares during the period. Royce & Associates LP owned 0.94% of United States Lime & Minerals worth $35,508,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of United States Lime & Minerals during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC grew its position in shares of United States Lime & Minerals by 900.0% during the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock worth $30,000 after acquiring an additional 279 shares during the last quarter. Amalgamated Bank grew its position in shares of United States Lime & Minerals by 400.0% during the third quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. FMR LLC grew its position 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 worth $49,000 after acquiring an additional 403 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew 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 acquiring an additional 510 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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 on Monday, February 24th. The stock was sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the sale, the director now 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 can be accessed through the SEC website. 2.16% of the stock is currently owned by insiders.

United States Lime & Minerals Price Performance

NASDAQ:USLM opened at $93.22 on Friday. The firm’s fifty day moving average price is $106.44 and its 200 day moving average price is $112.97. United States Lime & Minerals, Inc. has a 1-year low of $57.32 and a 1-year high of $159.53. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 24.57 and a beta of 0.90.

United States Lime & Minerals (NASDAQ:USLM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $0.94 earnings per share 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. This is a positive change from United States Lime & Minerals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. United States Lime & Minerals’s dividend payout ratio (DPR) is 6.33%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of United States Lime & Minerals from a “buy” rating to a “hold” rating in a research report on Friday.

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.