17,891 United States Lime & Minerals, Inc. $USLM Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its position in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 53.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,198 shares of the construction company’s stock after buying an additional 17,891 shares during the period. Vest Financial LLC’s holdings in United States Lime & Minerals were worth $5,791,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of United States Lime & Minerals in the 2nd quarter worth $174,390,000. First Trust Advisors LP lifted its position in United States Lime & Minerals by 85.0% in the first quarter. First Trust Advisors LP now owns 441,951 shares of the construction company’s stock valued at $57,723,000 after purchasing an additional 203,030 shares during the period. State Street Corp increased its position in United States Lime & Minerals by 78.1% during the 2nd quarter. State Street Corp now owns 419,491 shares of the construction company’s stock worth $43,908,000 after purchasing an additional 183,902 shares during the period. William Blair Investment Management LLC purchased a new position in shares of United States Lime & Minerals during the 2nd quarter worth approximately $17,782,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of United States Lime & Minerals during the 2nd quarter worth approximately $9,593,000. 27.12% of the stock is owned by institutional investors and hedge funds.

United States Lime & Minerals Price Performance

United States Lime & Minerals stock opened at $111.71 on Friday. The firm’s 50-day moving average is $113.47 and its two-hundred day moving average is $113.49. The stock has a market capitalization of $3.20 billion, a P/E ratio of 23.88 and a beta of 0.66. United States Lime & Minerals, Inc. has a 12-month low of $96.27 and a 12-month high of $141.43.

United States Lime & Minerals (NASDAQ:USLM) last released its earnings results on Wednesday, July 29th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.10). United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%. The company had revenue of $99.13 million during the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. United States Lime & Minerals’s dividend payout ratio (DPR) is presently 5.14%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Insider Transactions at United States Lime & Minerals

In other news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the purchase, the insider owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. This represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Antoine M. Doumet sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the director owned 90,000 shares of the company’s stock, valued at approximately $9,900,000. This trade represents a 18.18% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by insiders.

About United States Lime & Minerals

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.