Sequoia Financial Advisors LLC Buys Shares of 2,875 United States Lime & Minerals, Inc. (NASDAQ:USLM)

Sequoia Financial Advisors LLC purchased a new position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,875 shares of the construction company’s stock, valued at approximately $382,000.

A number of other large investors have also made changes to their positions in USLM. Global Retirement Partners LLC acquired a new position in United States Lime & Minerals during the fourth quarter worth about $25,000. Amalgamated Bank grew its holdings in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock worth $35,000 after acquiring an additional 288 shares during the period. FMR LLC grew its holdings in shares of United States Lime & Minerals by 403.0% in the 3rd quarter. FMR LLC now owns 503 shares of the construction company’s stock worth $49,000 after acquiring an additional 403 shares during the period. Steward Partners Investment Advisory LLC increased its stake in United States Lime & Minerals by 136.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the construction company’s stock valued at $117,000 after purchasing an additional 510 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in United States Lime & Minerals by 3,865.7% during the third quarter. Quantbot Technologies LP now owns 1,388 shares of the construction company’s stock worth $136,000 after purchasing an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

United States Lime & Minerals Trading Down 1.8 %

Shares of USLM opened at $91.44 on Wednesday. The stock has a market cap of $2.62 billion, a P/E ratio of 24.10 and a beta of 0.90. The company has a 50-day moving average of $105.35 and a two-hundred day moving average of $113.38. United States Lime & Minerals, Inc. has a 12-month low of $57.32 and a 12-month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $0.94 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were given a $0.06 dividend. This is an increase from United States Lime & Minerals’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. United States Lime & Minerals’s dividend payout ratio is currently 6.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut United States Lime & Minerals from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Insider Activity at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $94.61, for a total value of $298,683.77. Following the completion of the transaction, the director now owns 2,128 shares of the company’s stock, valued at approximately $201,330.08. The trade was a 59.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

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.