O Shaughnessy Asset Management LLC Boosts Stake in Cemex S.A.B. de C.V. $CX

O Shaughnessy Asset Management LLC lifted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 22.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268,909 shares of the construction company’s stock after purchasing an additional 234,759 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Cemex were worth $14,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Syon Capital LLC purchased a new stake in shares of Cemex in the 4th quarter worth $163,000. Mercuria Capital Strategies LLC purchased a new position in shares of Cemex during the 4th quarter valued at $2,621,000. Havemeyer Place LP purchased a new position in shares of Cemex during the 4th quarter valued at $135,000. Vise Technologies Inc. lifted its stake in shares of Cemex by 12.0% during the 4th quarter. Vise Technologies Inc. now owns 52,079 shares of the construction company’s stock valued at $598,000 after buying an additional 5,591 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Cemex by 47.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,921,189 shares of the construction company’s stock valued at $45,054,000 after buying an additional 1,254,515 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the sale, the insider directly owned 846,010 shares in the company, valued at $10,287,481.60. The trade was a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Cemex Stock Performance

Cemex stock opened at $12.07 on Wednesday. The company’s 50-day moving average price is $12.36 and its 200-day moving average price is $11.93. Cemex S.A.B. de C.V. has a twelve month low of $6.63 and a twelve month high of $13.67. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market cap of $17.48 billion, a PE ratio of 37.70 and a beta of 1.51.

Cemex (NYSE:CX) last posted its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. On average, equities research analysts forecast that Cemex S.A.B. de C.V. will post 0.91 EPS for the current fiscal year.

Cemex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be issued a $0.0312 dividend. This is a boost from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, June 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. Cemex’s payout ratio is presently 28.13%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CX. JPMorgan Chase & Co. lifted their target price on shares of Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a research note on Friday, April 24th. Scotiabank lifted their target price on shares of Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a research note on Friday, April 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 target price on shares of Cemex in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Morgan Stanley upgraded shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.