Heritage Investors Management Corp Grows Stock Position in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Heritage Investors Management Corp lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 398.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,245 shares of the construction company’s stock after purchasing an additional 24,980 shares during the quarter. Heritage Investors Management Corp’s holdings in United States Lime & Minerals were worth $3,051,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Amalgamated Bank raised its stake 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 purchasing an additional 288 shares during the last quarter. AM Investment Strategies LLC raised its stake in shares of United States Lime & Minerals by 400.0% during the third quarter. AM Investment Strategies LLC now owns 20,000 shares of the construction company’s stock worth $1,953,000 after purchasing an additional 16,000 shares during the last quarter. James Investment Research Inc. raised its stake in shares of United States Lime & Minerals by 400.0% during the third quarter. James Investment Research Inc. now owns 10,350 shares of the construction company’s stock worth $1,011,000 after purchasing an additional 8,280 shares during the last quarter. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 279 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of United States Lime & Minerals during the third quarter worth approximately $555,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insiders Place Their Bets

In other United States Lime & Minerals news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $77.88, for a total value of $934,560.00. Following the completion of the transaction, the director now owns 14,300 shares in the company, valued at approximately $1,113,684. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

United States Lime & Minerals Stock Performance

NASDAQ:USLM opened at $121.34 on Wednesday. The stock has a fifty day moving average price of $94.22 and a two-hundred day moving average price of $80.29. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 35.17 and a beta of 0.82. United States Lime & Minerals, Inc. has a 1 year low of $37.11 and a 1 year high of $121.78.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Friday, November 22nd. United States Lime & Minerals’s payout ratio is 5.80%.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.