Moors & Cabot Inc. Acquires 2,719 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Moors & Cabot Inc. increased its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 382.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,430 shares of the construction company’s stock after buying an additional 2,719 shares during the period. Moors & Cabot Inc.’s holdings in United States Lime & Minerals were worth $335,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of USLM. Thrivent Financial for Lutherans raised its position in shares of United States Lime & Minerals by 202.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 489,909 shares of the construction company’s stock valued at $47,845,000 after acquiring an additional 327,983 shares during the last quarter. Royce & Associates LP lifted its stake in United States Lime & Minerals by 322.3% in the third quarter. Royce & Associates LP now owns 352,200 shares of the construction company’s stock valued at $34,396,000 after buying an additional 268,800 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in United States Lime & Minerals by 352.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 103,033 shares of the construction company’s stock worth $10,062,000 after buying an additional 80,237 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of United States Lime & Minerals during the 2nd quarter worth about $21,119,000. Finally, North Star Investment Management Corp. increased its stake in shares of United States Lime & Minerals by 400.0% in the 3rd quarter. North Star Investment Management Corp. now owns 66,850 shares of the construction company’s stock valued at $6,529,000 after acquiring an additional 53,480 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other United States Lime & Minerals news, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total transaction of $244,527.50. Following the sale, the vice president now directly owns 7,880 shares in the company, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy W. Byrne sold 22,261 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $141.73, for a total transaction of $3,155,051.53. Following the completion of the transaction, the chief executive officer now owns 125,004 shares of the company’s stock, valued at $17,716,816.92. This trade represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by company insiders.

United States Lime & Minerals Stock Down 0.4 %

USLM opened at $149.73 on Friday. The company has a fifty day simple moving average of $110.66 and a 200 day simple moving average of $87.17. The stock has a market cap of $4.28 billion, a P/E ratio of 43.40 and a beta of 0.82. United States Lime & Minerals, Inc. has a 12 month low of $41.91 and a 12 month high of $151.47.

United States Lime & Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Friday, November 22nd. United States Lime & Minerals’s dividend 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.