CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. grew its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 799,917 shares of the construction company’s stock after purchasing an additional 47,718 shares during the quarter. CEMEX makes up about 0.9% of Ramirez Asset Management Inc.’s holdings, making the stock its 26th biggest position. Ramirez Asset Management Inc.’s holdings in CEMEX were worth $4,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Orion Portfolio Solutions LLC raised its stake in CEMEX by 38.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,854 shares of the construction company’s stock worth $118,000 after acquiring an additional 5,767 shares in the last quarter. Carrhae Capital LLP increased its position in shares of CEMEX by 18.8% during the fourth quarter. Carrhae Capital LLP now owns 2,215,050 shares of the construction company’s stock worth $12,493,000 after purchasing an additional 350,400 shares in the last quarter. Walnut Level Capital LLC purchased a new stake in shares of CEMEX in the 4th quarter valued at about $423,000. Vanguard Group Inc. lifted its holdings in shares of CEMEX by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company’s stock valued at $21,790,000 after purchasing an additional 53,269 shares during the last quarter. Finally, LPL Financial LLC grew its stake in CEMEX by 12.8% during the 4th quarter. LPL Financial LLC now owns 190,591 shares of the construction company’s stock worth $1,075,000 after buying an additional 21,617 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

CX has been the subject of several research analyst reports. Morgan Stanley downgraded CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada increased their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.82.

CEMEX Trading Up 0.8 %

Shares of CEMEX stock opened at $6.04 on Friday. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 9.58 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The company’s 50-day simple moving average is $6.16 and its 200-day simple moving average is $5.89. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 12.70%.

CEMEX Company 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.