Deprince Race & Zollo Inc. lifted its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 969,419 shares of the construction company's stock after purchasing an additional 135,081 shares during the quarter. Deprince Race & Zollo Inc. owned 0.07% of CEMEX worth $5,468,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. IFP Advisors Inc lifted its position in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after buying an additional 3,062 shares in the last quarter. Barclays PLC raised its stake in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares during the period. Townsquare Capital LLC purchased a new position in shares of CEMEX in the 4th quarter worth about $57,000. Dark Forest Capital Management LP bought a new position in CEMEX during the fourth quarter valued at about $59,000. Finally, Franklin Resources Inc. purchased a new stake in CEMEX during the fourth quarter worth about $63,000. 82.97% of the stock is currently owned by institutional investors.
CEMEX Stock Up 0.3%
Shares of CX stock traded up $0.02 during trading hours on Wednesday, hitting $6.84. 7,657,498 shares of the company's stock traded hands, compared to its average volume of 13,003,838. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The stock's fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $5.81. CEMEX, S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $8.10. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 10.86 and a beta of 1.41.
CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The business had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.
CEMEX Dividend Announcement
The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is currently 8.33%.
Analysts Set New Price Targets
A number of research analysts have recently commented on CX shares. Royal Bank of Canada upped their price target on CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a research report on Tuesday, April 29th. Bradesco Corretora set a $7.50 target price on CEMEX and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. StockNews.com upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a report on Saturday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group boosted their price objective on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One investment 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 currently has a consensus rating of "Hold" and a consensus price target of $7.58.
Check Out Our Latest Analysis on CX
About CEMEX
(
Free Report)
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.
See Also
Before you consider CEMEX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CEMEX wasn't on the list.
While CEMEX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
