Advisors Asset Management Inc. Acquires 14,323 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

Advisors Asset Management Inc. raised its holdings in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM) by 42.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,270 shares of the construction company’s stock after purchasing an additional 14,323 shares during the period. Advisors Asset Management Inc.’s holdings in United States Lime & Minerals were worth $6,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $1,061,000. Sequoia Financial Advisors LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $382,000. Sound View Wealth Advisors Group LLC grew its holdings in shares of United States Lime & Minerals by 3.8% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,525 shares of the construction company’s stock worth $733,000 after acquiring an additional 200 shares during the period. AlphaQuest LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $146,000. Finally, Inceptionr LLC purchased a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $553,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Activity

In other news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $94.61, for a total transaction of $298,683.77. Following the transaction, the director now directly owns 2,128 shares of the company’s stock, valued at $201,330.08. This represents a 59.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

United States Lime & Minerals Stock Down 1.8 %

United States Lime & Minerals stock opened at $91.44 on Wednesday. The company has a market capitalization of $2.62 billion, a P/E ratio of 24.10 and a beta of 0.90. The stock’s 50 day moving average is $105.35 and its 200 day moving average is $113.38. United States Lime & Minerals, Inc. has a twelve month low of $57.32 and a twelve month high of $159.53.

United States Lime & Minerals (NASDAQ:USLM) last issued its earnings results on Monday, February 3rd. The construction company reported $0.94 EPS for the quarter. United States Lime & Minerals had a return on equity of 24.55% and a net margin of 34.27%.

United States Lime & Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. This is a boost from United States Lime & Minerals’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. United States Lime & Minerals’s dividend payout ratio is presently 6.33%.

United States Lime & Minerals 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.