Generali Investments CEE investicni spolecnost a.s. Lowers Stock Position in Cemex S.A.B. de C.V. $CX

Generali Investments CEE investicni spolecnost a.s. reduced its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 44.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,394 shares of the construction company’s stock after selling 70,794 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Cemex were worth $1,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WealthCollab LLC increased its stake in Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after buying an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cemex by 256.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after buying an additional 3,093 shares during the last quarter. Ameriflex Group Inc. boosted its stake in shares of Cemex by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock worth $31,000 after buying an additional 1,744 shares during the last quarter. Reyes Financial Architecture Inc. bought a new position in shares of Cemex in the third quarter valued at approximately $36,000. Finally, Militia Capital Partners LP bought a new position in shares of Cemex in the second quarter valued at approximately $46,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemex Stock Down 2.1%

Shares of NYSE CX opened at $10.74 on Friday. Cemex S.A.B. de C.V. has a one year low of $4.89 and a one year high of $13.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.62. The business’s fifty day moving average price is $11.93 and its 200-day moving average price is $10.94. The stock has a market capitalization of $15.55 billion, a PE ratio of 16.27 and a beta of 1.60.

Cemex (NYSE:CX) last posted its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, equities research analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.0225 per share. This is a boost from Cemex’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, March 11th. Cemex’s dividend payout ratio (DPR) is 13.64%.

Wall Street Analysts Forecast Growth

CX has been the topic of a number of recent analyst reports. Barclays reiterated an “overweight” rating on shares of Cemex in a report on Thursday, March 12th. HSBC downgraded Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a research note on Friday, February 6th. Zacks Research lowered Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Morgan Stanley upgraded 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. Finally, Scotiabank raised shares of Cemex from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $13.50 to $13.90 in a report on Wednesday, March 11th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cemex presently has an average rating of “Hold” and an average price target of $11.38.

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.