Cemex S.A.B. de C.V. (NYSE:CX – Get Free Report) VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total value of $2,271,422.40. Following the sale, the vice president owned 289,490 shares in the company, valued at approximately $3,091,753.20. The trade was a 42.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cemex Trading Up 4.4%
NYSE CX opened at $11.07 on Friday. The stock has a market capitalization of $16.04 billion, a P/E ratio of 32.56 and a beta of 1.53. The business has a 50 day simple moving average of $12.04 and a 200 day simple moving average of $12.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. Cemex S.A.B. de C.V. has a one year low of $8.73 and a one year high of $13.67.
Cemex (NYSE:CX – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $4.59 billion for the quarter. Cemex had a return on equity of 3.82% and a net margin of 2.83%. Research analysts expect that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.
Cemex Increases Dividend
Wall Street Analyst Weigh In
CX has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Santander raised shares of Cemex to an “outperform” rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Cemex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Scotiabank increased their price objective on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada raised their target price on Cemex from $12.75 to $13.50 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.07.
Check Out Our Latest Stock Report on CX
Hedge Funds Weigh In On Cemex
A number of large investors have recently modified their holdings of CX. NFSG Corp increased its stake in Cemex by 123.5% during the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,579 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Cemex during the fourth quarter worth $34,000. WealthCollab LLC lifted its stake 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 buying an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cemex by 256.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after buying an additional 3,093 shares in the last quarter. Finally, Militia Capital Partners LP acquired a new position in shares of Cemex during the second quarter valued at about $46,000. 82.97% of the stock is currently owned by institutional investors.
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.
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