Capital Wealth Planning LLC grew its position in Cemex S.A.B. de C.V. (NYSE:CX – Free Report) by 137.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 487,739 shares of the construction company’s stock after purchasing an additional 282,149 shares during the quarter. Capital Wealth Planning LLC’s holdings in Cemex were worth $5,643,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. 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 valued at $31,000 after purchasing an additional 1,744 shares during the last quarter. WealthCollab LLC boosted its stake in shares of 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 purchasing an additional 1,580 shares during the last quarter. Reyes Financial Architecture Inc. bought a new stake in shares of Cemex in the 3rd quarter valued at $36,000. 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 valued at $30,000 after purchasing an additional 3,093 shares during the last quarter. Finally, Militia Capital Partners LP bought a new stake in shares of Cemex in the 2nd quarter valued at $46,000. 82.97% of the stock is owned by institutional investors.
Cemex Stock Down 2.0%
Cemex stock opened at $11.84 on Thursday. Cemex S.A.B. de C.V. has a 1-year low of $6.63 and a 1-year high of $13.67. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 37.01 and a beta of 1.51. The firm’s fifty day moving average price is $12.38 and its two-hundred day moving average price is $11.94. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be paid a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, June 17th. Cemex’s payout ratio is 37.50%.
Insider Buying and Selling at Cemex
In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
CX has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Barclays reissued an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.75 target price on shares of Cemex in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Scotiabank increased their target price on shares of Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.77.
Cemex 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.
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