Vanguard Group Inc. Has $46.48 Million Position in Cemex S.A.B. de C.V. $CX

Vanguard Group Inc. lifted its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,044,919 shares of the construction company’s stock after buying an additional 59,477 shares during the period. Vanguard Group Inc. owned about 0.28% of Cemex worth $46,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of Cemex by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock worth $143,000 after purchasing an additional 1,070 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Cemex by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock worth $2,875,000 after purchasing an additional 1,221 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Cemex by 5.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock worth $218,000 after purchasing an additional 1,268 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cemex by 4.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock worth $329,000 after purchasing an additional 1,288 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Cemex by 3.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock worth $387,000 after purchasing an additional 1,389 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the transaction, the insider directly owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Cemex Stock Down 4.7%

Shares of CX opened at $12.55 on Friday. The company has a market capitalization of $18.17 billion, a PE ratio of 39.20 and a beta of 1.51. Cemex S.A.B. de C.V. has a 12 month low of $6.63 and a 12 month high of $13.67. The stock’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $11.61. 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 announced its earnings results on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. On average, analysts anticipate that Cemex S.A.B. de C.V. will post 0.92 EPS for the current year.

Cemex Increases Dividend

The business also recently announced 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 of this dividend was Wednesday, March 11th. This is a boost from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is presently 28.13%.

Analysts Set New Price Targets

CX has been the topic of a number of recent research reports. Zacks Research lowered Cemex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Wall Street Zen lowered Cemex from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Barclays restated an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Scotiabank raised their price objective on Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 price objective on shares of Cemex in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

Cemex Company 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.