Generali Investments CEE investicni spolecnost a.s. Cuts Position in Cemex S.A.B. de C.V. (NYSE:CX)

Generali Investments CEE investicni spolecnost a.s. lowered its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 13.6% during the 1st quarter, Holdings Channel reports. The firm owned 159,188 shares of the construction company’s stock after selling 25,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Cemex were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc grew its position in Cemex by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after buying an additional 3,062 shares during the period. Natixis Advisors LLC raised its position in Cemex by 13.6% in the fourth quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company’s stock worth $2,023,000 after acquiring an additional 43,089 shares during the period. Vanguard Group Inc. boosted its stake in Cemex by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company’s stock valued at $21,790,000 after acquiring an additional 53,269 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Cemex by 30.5% during the 4th quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company’s stock valued at $174,000 after acquiring an additional 7,232 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Cemex during the 4th quarter worth approximately $63,000. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

CX has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on Cemex from $5.00 to $5.25 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Cemex from $6.00 to $6.80 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 3rd. Morgan Stanley downgraded shares of Cemex from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. Finally, Itau BBA Securities lowered shares of Cemex from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Cemex presently has an average rating of “Hold” and a consensus target price of $7.58.

Cemex Trading Down 0.3%

Shares of CX opened at $7.15 on Friday. The business’s 50-day moving average price is $6.78 and its 200-day moving average price is $6.17. The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $7.34. The stock has a market cap of $10.36 billion, a PE ratio of 7.45, a P/E/G ratio of 1.20 and a beta of 1.38.

Cemex (NYSE:CX) last posted its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. Cemex had a net margin of 8.84% and a return on equity of 6.47%. The business had revenue of $186.46 million for the quarter, compared to analysts’ expectations of $214.59 million. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a dividend of $0.0224 per share. This represents a $0.09 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, June 17th. Cemex’s dividend payout ratio is 8.33%.

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.