Insider Selling: Cemex (NYSE:CX) Insider Sells $425,600.00 in Stock

Cemex S.A.B. de C.V. (NYSE:CX) insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm’s 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cemex Trading Down 0.3%

NYSE CX opened at $12.26 on Friday. The business’s 50-day moving average price is $11.52 and its two-hundred day moving average price is $11.37. Cemex S.A.B. de C.V. has a 12 month low of $5.94 and a 12 month high of $13.35. The firm has a market capitalization of $17.76 billion, a PE ratio of 38.31 and a beta of 1.60. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35.

Cemex (NYSE:CX) last issued its quarterly earnings data 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%. On average, analysts expect that Cemex S.A.B. de C.V. will post 0.92 EPS for the current year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, March 11th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is 28.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Monday, March 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a report on Friday, April 24th. Scotiabank lifted their price objective on Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Finally, Barclays reissued an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.77.

Institutional Investors Weigh In On Cemex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in shares of Cemex during the 4th quarter worth about $34,000. Ameriflex Group Inc. increased its position in Cemex by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock valued at $31,000 after buying an additional 1,744 shares in the last quarter. WealthCollab LLC increased its position in Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after buying an additional 1,580 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new position in Cemex during the 3rd quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after buying an additional 3,093 shares during the period. 82.97% of the stock is owned by institutional investors.

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.