CEMEX, S.A.B. de C.V. (NYSE:CX) Position Lifted by Stifel Financial Corp

Stifel Financial Corp increased its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 39.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,718 shares of the construction company's stock after purchasing an additional 39,312 shares during the period. Stifel Financial Corp's holdings in CEMEX were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Dodge & Cox increased its holdings in CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock worth $279,868,000 after acquiring an additional 48,942,309 shares in the last quarter. Schroder Investment Management Group increased its holdings in CEMEX by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after acquiring an additional 23,576,914 shares in the last quarter. Brandes Investment Partners LP increased its holdings in CEMEX by 33.7% in the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock worth $136,679,000 after acquiring an additional 6,110,857 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in CEMEX in the 4th quarter worth $86,056,000. Finally, RWC Asset Advisors US LLC increased its holdings in CEMEX by 6.4% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company's stock worth $67,903,000 after acquiring an additional 719,735 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com raised shares of CEMEX from a "hold" rating to a "buy" rating in a report on Saturday, May 3rd. Royal Bank of Canada lifted their target price on shares of CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a research note on Tuesday, April 29th. Bradesco Corretora set a $7.50 target price on shares of CEMEX and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, CEMEX has a consensus rating of "Hold" and an average price target of $7.58.

CEMEX Price Performance

Shares of CX stock traded up $0.15 during midday trading on Monday, reaching $6.56. 24,626,617 shares of the company traded hands, compared to its average volume of 11,151,302. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $8.10. The firm has a market cap of $9.50 billion, a PE ratio of 10.40 and a beta of 1.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The firm's 50 day simple moving average is $5.80 and its two-hundred day simple moving average is $5.80.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio is currently 8.33%.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.