State of New Jersey Common Pension Fund D Has $3.13 Million Holdings in Cemex S.A.B. de C.V. $CX

State of New Jersey Common Pension Fund D decreased its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 347,844 shares of the construction company’s stock after selling 99,011 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cemex were worth $3,127,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CX. Sequoia Financial Advisors LLC lifted its position in Cemex by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock worth $143,000 after buying an additional 1,070 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Cemex by 5.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock valued at $218,000 after acquiring an additional 1,268 shares in the last quarter. WealthCollab LLC increased its position in shares of Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after acquiring an additional 1,580 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Cemex by 10.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,115 shares of the construction company’s stock worth $154,000 after acquiring an additional 1,685 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Cemex by 7.3% during the second quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock worth $174,000 after acquiring an additional 1,710 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays restated an “overweight” rating and issued a $15.00 price target on shares of Cemex in a research note on Tuesday, January 27th. HSBC cut shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 target price for the company. in a research note on Friday, February 6th. Royal Bank Of Canada upped their price target on shares of Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Finally, Scotiabank lifted their price objective on shares of Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cemex presently has a consensus rating of “Hold” and an average target price of $11.04.

Cemex Price Performance

Shares of CX opened at $12.90 on Friday. The company’s 50-day moving average is $12.27 and its 200-day moving average is $10.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.62. The firm has a market capitalization of $18.68 billion, a PE ratio of 19.54, a PEG ratio of 0.85 and a beta of 1.61. Cemex S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $13.35.

Cemex (NYSE:CX) last announced its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The company had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. Equities analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were given a $0.0224 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. Cemex’s dividend payout ratio is presently 13.64%.

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.