166,427 Shares in Cemex S.A.B. de C.V. $CX Acquired by GFS Advisors LLC

Key Points

• GFS Advisors LLC has acquired a new position in Cemex S.A.B. de C.V. by purchasing 166,427 shares, valued at approximately $1,153,000 during the 2nd quarter.
• Several institutional investors, including Cambridge Investment Research Advisors and Oppenheimer & Co., have recently increased their stakes in Cemex, reflecting a robust interest among large investors.
• Cemex reported earnings of $0.23 per share for the last quarter, exceeding analysts' expectations, and recently declared a quarterly dividend of $0.0224 per share, representing a yield of 1.0%.

GFS Advisors LLC bought a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 166,427 shares of the construction company's stock, valued at approximately $1,153,000.

Several other large investors have also recently added to or reduced their stakes in CX. Cambridge Investment Research Advisors Inc. increased its position in shares of Cemex by 137.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,252 shares of the construction company's stock valued at $175,000 after purchasing an additional 18,114 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Cemex by 21.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company's stock valued at $81,000 after purchasing an additional 2,505 shares during the last quarter. Northern Trust Corp increased its position in shares of Cemex by 4.6% in the 1st quarter. Northern Trust Corp now owns 1,785,660 shares of the construction company's stock valued at $10,018,000 after purchasing an additional 77,898 shares during the last quarter. American Century Companies Inc. increased its position in shares of Cemex by 2.9% in the 1st quarter. American Century Companies Inc. now owns 3,645,959 shares of the construction company's stock valued at $20,454,000 after purchasing an additional 104,172 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Cemex by 11.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 71,452 shares of the construction company's stock valued at $401,000 after purchasing an additional 7,119 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CX. Weiss Ratings reissued a "hold (c)" rating on shares of Cemex in a research report on Wednesday. Wall Street Zen downgraded shares of Cemex from a "buy" rating to a "hold" rating in a research report on Saturday. Scotiabank reissued an "outperform" rating on shares of Cemex in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. raised shares of Cemex from a "neutral" rating to an "overweight" rating and increased their target price for the company from $8.10 to $10.50 in a research report on Tuesday, August 26th. Finally, Bank of America increased their target price on shares of Cemex from $8.60 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.02.

Cemex Stock Up 0.3%

Shares of NYSE:CX opened at $9.15 on Friday. The stock has a market cap of $13.26 billion, a P/E ratio of 8.97, a P/E/G ratio of 1.48 and a beta of 1.51. The firm has a fifty day moving average price of $9.00 and a 200 day moving average price of $7.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.61. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $9.61.

Cemex (NYSE:CX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. The firm had revenue of $4.13 billion during the quarter, compared to analysts' expectations of $4.20 billion. Cemex had a net margin of 9.61% and a return on equity of 6.89%. Sell-side analysts predict that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 17th were paid a dividend of $0.0224 per share. The ex-dividend date was Wednesday, September 17th. This represents a $0.09 dividend on an annualized basis and a yield of 1.0%. Cemex's dividend payout ratio is currently 8.82%.

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.

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