Jacobs Levy Equity Management Inc. Makes New $1.33 Million Investment in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Jacobs Levy Equity Management Inc. bought a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,617 shares of the construction company’s stock, valued at approximately $1,330,000.

Several other hedge funds have also made changes to their positions in USLM. CWM LLC lifted 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 acquiring an additional 232 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of United States Lime & Minerals by 1,505.5% in the 2nd quarter. SG Americas Securities LLC now owns 5,587 shares of the construction company’s stock valued at $2,035,000 after purchasing an additional 5,239 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of United States Lime & Minerals by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,553 shares of the construction company’s stock valued at $6,392,000 after purchasing an additional 869 shares during the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of United States Lime & Minerals during the 2nd quarter worth $1,685,000. Finally, Arizona State Retirement System acquired a new stake in shares of United States Lime & Minerals during the 2nd quarter worth about $233,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

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

United States Lime & Minerals Stock Up 1.4 %

USLM opened at $152.54 on Monday. The firm has a market cap of $4.36 billion, a P/E ratio of 44.21 and a beta of 0.89. The business has a fifty day simple moving average of $122.76 and a 200-day simple moving average of $92.96. United States Lime & Minerals, Inc. has a 52 week low of $42.87 and a 52 week high of $159.53.

United States Lime & Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, November 22nd. United States Lime & Minerals’s payout ratio is presently 5.80%.

Insider Transactions at United States Lime & Minerals

In other United States Lime & Minerals news, VP Nathan O’neill sold 1,750 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.73, for a total transaction of $244,527.50. Following the transaction, the vice president now owns 7,880 shares of the company’s stock, valued at approximately $1,101,072.40. This trade represents a 18.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the sale, the chief executive officer now owns 125,004 shares in the company, 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. Corporate insiders own 2.16% of the company’s stock.

United States Lime & Minerals Company 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.