CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,558 shares of the construction company’s stock after buying an additional 3,512 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CEMEX were worth $1,376,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CX. Creative Financial Designs Inc. ADV bought a new position in CEMEX during the fourth quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of CEMEX by 65.0% during the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,062 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of CEMEX by 40.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after buying an additional 2,454 shares during the last quarter. MQS Management LLC acquired a new position in shares of CEMEX in the 3rd quarter valued at about $70,000. Finally, Euro Pacific Asset Management LLC bought a new stake in shares of CEMEX during the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Trading Down 0.3 %

NYSE:CX opened at $7.89 on Thursday. CEMEX, S.A.B. de C.V. has a 1 year low of $5.67 and a 1 year high of $9.27. The business has a fifty day moving average of $8.33 and a 200-day moving average of $7.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 0.17 and a beta of 1.47.

CEMEX (NYSE:CX) last announced its earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The firm had revenue of $4.14 billion during the quarter. During the same quarter in the prior year, the company earned $0.15 EPS. Equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Barclays downgraded CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective for the company. in a research note on Friday, February 9th. Bank of America downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price objective on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.53.

CEMEX Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.