GFS Advisors LLC Cuts Stake in Cemex S.A.B. de C.V. $CX

GFS Advisors LLC lowered its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 51.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,427 shares of the construction company’s stock after selling 65,649 shares during the period. GFS Advisors LLC’s holdings in Cemex were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CX. Jones Financial Companies Lllp increased its stake in shares of Cemex by 334.7% during the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock worth $52,000 after purchasing an additional 7,075 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Cemex by 58.8% during the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after purchasing an additional 2,661,030 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Cemex by 53.2% during the second quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock worth $397,000 after purchasing an additional 19,878 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cemex by 256.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Cemex by 57.1% during the 2nd quarter. Invesco Ltd. now owns 50,480 shares of the construction company’s stock valued at $350,000 after acquiring an additional 18,348 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares of the company’s stock, valued at $10,287,481.60. This represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Cemex Stock Up 0.2%

Shares of NYSE CX opened at $12.07 on Wednesday. Cemex S.A.B. de C.V. has a 12-month low of $6.63 and a 12-month high of $13.67. The stock has a market cap of $17.48 billion, a PE ratio of 37.70 and a beta of 1.51. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $12.36 and a 200 day moving average of $11.93.

Cemex (NYSE:CX) last posted its quarterly earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. As a group, sell-side analysts predict that Cemex S.A.B. de C.V. will post 0.91 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be paid a $0.0312 dividend. This is a positive change from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. Cemex’s dividend payout ratio is currently 28.13%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CX shares. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Scotiabank upped their price objective on shares of Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a research note on Friday, April 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.75 price objective on shares of Cemex in a research note on Friday, April 24th. Barclays reaffirmed an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Finally, Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research note on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cemex has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

Cemex Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.