Militia Capital Management LLC Invests $1.09 Million in Cemex S.A.B. de C.V. $CX

Militia Capital Management LLC purchased a new stake in Cemex S.A.B. de C.V. (NYSE:CXFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 94,900 shares of the construction company’s stock, valued at approximately $1,086,000.

Other institutional investors have also made changes to their positions in the company. Orbis Allan Gray Ltd grew its position in Cemex by 3.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 36,132,733 shares of the construction company’s stock worth $415,165,000 after buying an additional 1,225,219 shares in the last quarter. Schroder Investment Management Group increased its stake in Cemex by 406.2% during the 4th quarter. Schroder Investment Management Group now owns 26,348,884 shares of the construction company’s stock worth $302,749,000 after acquiring an additional 21,143,554 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Cemex by 11.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,191,754 shares of the construction company’s stock valued at $243,494,000 after acquiring an additional 2,182,666 shares in the last quarter. Wellington Management Group LLP raised its holdings in Cemex by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 18,737,871 shares of the construction company’s stock valued at $215,298,000 after acquiring an additional 1,840,515 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Cemex by 18.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 12,328,806 shares of the construction company’s stock valued at $141,658,000 after acquiring an additional 1,962,140 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CX. Barclays increased their target price on Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Royal Bank Of Canada boosted their price target on Cemex from $12.75 to $13.50 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Seven equities research 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, Cemex currently has an average rating of “Moderate Buy” and a consensus price target of $13.07.

Check Out Our Latest Stock Report on Cemex

Cemex Price Performance

CX stock opened at $11.82 on Monday. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 34.75 and a beta of 1.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. The company has a 50 day simple moving average of $12.51 and a 200 day simple moving average of $12.22. Cemex S.A.B. de C.V. has a 1 year low of $8.17 and a 1 year high of $13.67.

Cemex (NYSE:CXGet Free Report) last issued its earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share for the quarter. The firm had revenue of $4.59 billion for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. Research analysts anticipate that Cemex S.A.B. de C.V. will post 0.87 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were paid a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio is currently 35.29%.

Cemex Profile

(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.

See Also

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Institutional Ownership by Quarter for Cemex (NYSE:CX)

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