Cemex (NYSE:CX) EVP Cobian Mauricio Doehner Sells 927,900 Shares of Stock

Cemex S.A.B. de C.V. (NYSE:CX) EVP Cobian Mauricio Doehner sold 927,900 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $9.57, for a total transaction of $8,880,003.00. Following the completion of the sale, the executive vice president directly owned 584,930 shares of the company’s stock, valued at approximately $5,597,780.10. This trade represents a 61.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cemex Trading Down 1.4%

CX stock traded down $0.13 during mid-day trading on Wednesday, reaching $9.52. The company had a trading volume of 3,993,046 shares, compared to its average volume of 6,975,266. The company has a market capitalization of $13.79 billion, a PE ratio of 27.99 and a beta of 1.52. The firm has a 50 day moving average of $10.87 and a 200 day moving average of $11.73. Cemex S.A.B. de C.V. has a 12 month low of $8.73 and a 12 month high of $13.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68.

Cemex (NYSE:CX) last posted its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The firm had revenue of $4.59 billion during the quarter. On average, equities analysts predict that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

Cemex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.0312 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.3%. Cemex’s dividend payout ratio is presently 35.29%.

Analysts Set New Price Targets

Several research analysts have issued reports on CX shares. Royal Bank Of Canada increased their target price on shares of Cemex from $12.75 to $13.50 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Barclays upped their price target on shares of Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Cemex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Friday, August 21st. Finally, Scotiabank upped their target price on Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cemex presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.07.

Hedge Funds Weigh In On Cemex

A number of large investors have recently added to or reduced their stakes in CX. NFSG Corp boosted its holdings in shares of Cemex by 123.5% in the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after buying an additional 1,579 shares in the last quarter. Charles Schwab Trust Co bought a new position in shares of Cemex during the 2nd quarter worth approximately $132,000. Havemeyer Place LP bought a new position in shares of Cemex during the 4th quarter worth approximately $135,000. Global Retirement Partners LLC lifted its position in Cemex by 634.6% during the fourth quarter. Global Retirement Partners LLC now owns 13,222 shares of the construction company’s stock valued at $152,000 after acquiring an additional 11,422 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Cemex during the fourth quarter valued at approximately $156,000. 82.97% of the stock is currently owned by institutional investors.

About Cemex

CEMEX, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces, distributes and sells cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

CEMEX also provides construction solutions and services, including concrete products, paving materials, building systems and digital tools designed to support construction professionals and customers. Its operations and commercial activities serve markets across Mexico, the United States, Europe, South and Central America, the Caribbean, Africa and the Middle East.

The company traces its origins to 1906, when Cementos Hidalgo began operations in Mexico.