Cemex S.A.B. de C.V. $CX Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 608,966 shares of the construction company’s stock after selling 43,541 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cemex were worth $6,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthCollab LLC lifted its holdings in shares of Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after acquiring an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Cemex by 256.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after purchasing an additional 3,093 shares during the period. Kestra Advisory Services LLC acquired a new position in Cemex during the fourth quarter worth $34,000. Militia Capital Partners LP acquired a new position in Cemex during the second quarter worth $46,000. Finally, Jones Financial Companies Lllp boosted its position 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 buying an additional 7,075 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Price Performance

Shares of NYSE:CX opened at $12.80 on Wednesday. The company has a market cap of $18.55 billion, a P/E ratio of 40.02 and a beta of 1.52. The business has a fifty day simple moving average of $12.65 and a 200-day simple moving average of $12.18. Cemex S.A.B. de C.V. has a 52 week low of $7.24 and a 52 week high of $13.67. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35.

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

Cemex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were given a $0.0312 dividend. This is a boost from Cemex’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 17th. Cemex’s dividend payout ratio is 37.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CX shares. JPMorgan Chase & Co. boosted their price objective on Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Santander raised shares of Cemex to an “outperform” rating in a research note on Thursday, June 11th. Morgan Stanley upgraded 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Finally, Scotiabank reissued an “outperform” rating on shares of Cemex in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.87.

Insider Activity

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s 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 directly owned 846,010 shares in the company, valued at approximately $10,287,481.60. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Cemex

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.