Cemex S.A.B. de C.V. $CX Shares Acquired by Panagora Asset Management Inc.

Panagora Asset Management Inc. lifted its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,173,933 shares of the construction company’s stock after buying an additional 431,713 shares during the quarter. Panagora Asset Management Inc.’s holdings in Cemex were worth $36,468,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CX. Schroder Investment Management Group raised its stake in shares of Cemex by 406.2% during the 4th quarter. Schroder Investment Management Group now owns 26,348,884 shares of the construction company’s stock worth $302,749,000 after buying an additional 21,143,554 shares during the period. Wellington Management Group LLP raised its stake in shares of Cemex by 451.7% during the 3rd quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock worth $151,907,000 after buying an additional 13,834,438 shares during the period. Orbis Allan Gray Ltd raised its stake in shares of Cemex by 90.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock worth $182,263,000 after buying an additional 12,469,417 shares during the period. Itau Unibanco Holding S.A. raised its stake in shares of Cemex by 53.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 10,857,832 shares of the construction company’s stock worth $125,392,000 after buying an additional 3,766,639 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Cemex by 159.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,907,194 shares of the construction company’s stock worth $56,384,000 after buying an additional 3,014,149 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the transaction, the insider directly owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. This represents a 3.97% decrease in their position. 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.

Cemex Stock Down 0.7%

NYSE CX opened at $12.90 on Tuesday. The business has a fifty day moving average price of $12.46 and a 200 day moving average price of $11.99. Cemex S.A.B. de C.V. has a one year low of $6.63 and a one year high of $13.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. The company has a market cap of $18.68 billion, a P/E ratio of 40.30 and a beta of 1.51.

Cemex (NYSE:CX) last posted its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Wednesday, June 17th will be paid a $0.0312 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.12 annualized dividend and a yield of 1.0%. This is an increase from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio is currently 28.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Scotiabank upped their target price on Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Morgan Stanley raised Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their target price on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cemex has an average rating of “Moderate Buy” and an average 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.