Dorsey Wright & Associates Purchases 65,294 Shares of Cemex S.A.B. de C.V. $CX

Dorsey Wright & Associates grew its position in shares of Cemex S.A.B. de C.V. (NYSE:CXFree Report) by 39.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,864 shares of the construction company’s stock after buying an additional 65,294 shares during the period. Dorsey Wright & Associates’ holdings in Cemex were worth $2,618,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in Cemex by 334.7% during the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock worth $52,000 after acquiring an additional 7,075 shares during the period. Goldman Sachs Group Inc. raised its position in Cemex by 58.8% in the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock valued at $40,320,000 after purchasing an additional 2,661,030 shares during the last quarter. Cetera Investment Advisers raised its holdings in Cemex by 53.2% in the 2nd quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock valued at $397,000 after buying an additional 19,878 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cemex by 256.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after acquiring an additional 3,093 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Cemex by 57.1% during the 2nd quarter. Invesco Ltd. now owns 50,480 shares of the construction company’s stock worth $350,000 after buying an additional 18,348 shares during the period. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CX has been the topic of several recent analyst reports. Santander upgraded shares of Cemex to an “outperform” rating in a report on Thursday, June 11th. 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 report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Scotiabank lifted their price objective on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Cemex presently has a consensus rating of “Moderate Buy” and an average price target of $12.87.

Get Our Latest Research Report on CX

Cemex Stock Down 1.0%

Shares of NYSE CX opened at $12.97 on Friday. 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 S.A.B. de C.V. has a 12 month low of $7.59 and a 12 month high of $13.67. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 40.55 and a beta of 1.52. The business has a 50-day moving average of $12.63 and a 200-day moving average of $12.20.

Cemex (NYSE:CXGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Sell-side analysts expect that Cemex S.A.B. de C.V. will post 0.89 earnings per share for the current fiscal year.

Cemex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were issued a $0.0312 dividend. This is a positive change from Cemex’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 17th. Cemex’s dividend payout ratio (DPR) is 37.50%.

Insider Activity

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction dated 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 owned 846,010 shares in the company, valued at approximately $10,287,481.60. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

About Cemex

(Free Report)

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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Institutional Ownership by Quarter for Cemex (NYSE:CX)

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