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

Heritage Investors Management Corp increased its position in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 398.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,245 shares of the construction company’s stock after buying an additional 24,980 shares during the period. Heritage Investors Management Corp owned about 0.11% of United States Lime & Minerals worth $3,051,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in United States Lime & Minerals by 1,104.8% in the second quarter. CWM LLC now owns 253 shares of the construction company’s stock valued at $92,000 after purchasing an additional 232 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in United States Lime & Minerals by 900.0% in the third quarter. Farther Finance Advisors LLC now owns 310 shares of the construction company’s stock valued at $30,000 after purchasing an additional 279 shares in the last quarter. Quest Partners LLC acquired a new position in United States Lime & Minerals in the second quarter valued at approximately $125,000. Amalgamated Bank boosted its holdings in United States Lime & Minerals by 400.0% in the third quarter. Amalgamated Bank now owns 360 shares of the construction company’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in United States Lime & Minerals in the third quarter valued at approximately $49,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Richard W. Cardin sold 12,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 14,300 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

United States Lime & Minerals Stock Up 9.8 %

Shares of USLM opened at $121.34 on Wednesday. The stock has a 50 day moving average price of $94.22 and a 200 day moving average price of $80.29. The company 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 52-week low of $37.11 and a 52-week high of $121.78.

United States Lime & Minerals Dividend Announcement

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

United States Lime & Minerals 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.