DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Invests $846,000 in CEMEX, S.A.B. de C.V. (NYSE:CX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the construction company's stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dodge & Cox lifted its position in CEMEX by 7,200.6% during the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock valued at $279,868,000 after purchasing an additional 48,942,309 shares during the period. Schroder Investment Management Group raised its position in CEMEX by 745.6% in the fourth 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 during the period. Brandes Investment Partners LP raised its position in CEMEX by 33.7% in the fourth 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 during the period. ANTIPODES PARTNERS Ltd bought a new position in CEMEX in the fourth quarter worth approximately $86,056,000. Finally, RWC Asset Advisors US LLC raised its position in CEMEX by 6.4% in the fourth 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 during the period. Institutional investors own 82.97% of the company's stock.

CEMEX Stock Up 0.1%

NYSE CX traded up $0.01 during trading on Friday, reaching $6.86. 9,883,043 shares of the company's stock traded hands, compared to its average volume of 11,331,080. 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 has a market cap of $9.93 billion, a price-to-earnings ratio of 10.88 and a beta of 1.41. The company's 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $5.84. CEMEX, S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $7.89.

CEMEX (NYSE:CX - Get Free Report) last posted 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 net margin of 5.70% and a return on equity of 7.78%. As a group, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is 8.33%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CX. StockNews.com upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. increased their price target on shares of CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group increased their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One equities 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.58.

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.