Sequoia Financial Advisors LLC Invests $382,000 in United States Lime & Minerals, Inc. (NASDAQ:USLM)

Sequoia Financial Advisors LLC bought a new stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,875 shares of the construction company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USLM. Principal Financial Group Inc. grew its holdings in shares of United States Lime & Minerals by 537.3% during the third quarter. Principal Financial Group Inc. now owns 5,844 shares of the construction company’s stock worth $571,000 after purchasing an additional 4,927 shares during the last quarter. Minerva Advisors LLC increased its position in United States Lime & Minerals by 400.0% during the third quarter. Minerva Advisors LLC now owns 6,250 shares of the construction company’s stock worth $608,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC lifted its stake in United States Lime & Minerals by 422.7% in the third quarter. Geode Capital Management LLC now owns 308,049 shares of the construction company’s stock valued at $30,089,000 after buying an additional 249,115 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of United States Lime & Minerals by 432.3% in the third quarter. Franklin Resources Inc. now owns 6,036 shares of the construction company’s stock valued at $612,000 after acquiring an additional 4,902 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of United States Lime & Minerals during the third quarter worth approximately $1,791,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

United States Lime & Minerals Stock Performance

Shares of USLM opened at $91.44 on Wednesday. United States Lime & Minerals, Inc. has a fifty-two week low of $57.32 and a fifty-two week high of $159.53. The firm has a 50-day simple moving average of $105.35 and a 200-day simple moving average of $113.38. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 24.10 and a beta of 0.90.

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

Insider Transactions at United States Lime & Minerals

In related news, Director Sandra C. Duhe sold 3,157 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $94.61, for a total transaction of $298,683.77. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.