Advisors Asset Management Inc. Raises Stock Holdings in Cemex S.A.B. de C.V. $CX

Advisors Asset Management Inc. grew its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 743,774 shares of the construction company’s stock after buying an additional 71,498 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cemex were worth $4,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wayfinding Financial LLC bought a new position in shares of Cemex in the first quarter worth about $29,000. Barclays PLC boosted its stake in shares of Cemex by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company’s stock worth $55,000 after acquiring an additional 3,510 shares during the period. Raiffeisen Bank International AG bought a new position in shares of Cemex in the fourth quarter worth about $59,000. Westfuller Advisors LLC bought a new position in shares of Cemex in the first quarter worth about $62,000. Finally, Sargent Investment Group LLC bought a new position in shares of Cemex in the first quarter worth about $62,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CX shares. Bank of America upped their price objective on Cemex from $8.60 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Cemex in a research note on Tuesday. Barclays upped their price objective on Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Itau BBA Securities lowered Cemex from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 3rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.02.

Cemex Price Performance

Shares of Cemex stock opened at $9.42 on Friday. The firm has a market cap of $13.64 billion, a PE ratio of 9.23, a PEG ratio of 1.49 and a beta of 1.43. Cemex S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $9.44. The stock has a 50 day moving average of $8.24 and a 200 day moving average of $6.94. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37.

Cemex (NYSE:CX) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.20 billion. Cemex had a return on equity of 6.89% and a net margin of 9.61%. On average, research analysts expect that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a $0.0224 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 17th. Cemex’s dividend payout ratio (DPR) is presently 7.84%.

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.