252,408 Shares in Cemex S.A.B. de C.V. $CX Acquired by TT International Asset Management LTD

Key Points

• TT International Asset Management LTD acquired a new position of 252,408 shares of Cemex in Q4, valued at about $2.78 million, making CX 0.6% of the fund's portfolio and its 23rd-largest holding.
• Multiple large investors materially boosted stakes — Wellington (+451.7%), Orbis (+90.2%), Robeco (+54.1%) and Goldman Sachs (+58.8%) — leaving institutional ownership at about 82.97%.
• Cemex posted a quarterly EPS miss (‑$0.19 vs. $0.19 est.) though revenue beat ($4.18B), its shares trade near $11.93 (PE ~18.1), and the company raised its quarterly dividend to $0.0225 (annualized $0.09, ~0.8% yield).

TT International Asset Management LTD acquired a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 252,408 shares of the construction company's stock, valued at approximately $2,781,000. Cemex makes up 0.6% of TT International Asset Management LTD's portfolio, making the stock its 23rd biggest position.

Several other large investors have also recently modified their holdings of CX. Wellington Management Group LLP raised its stake in shares of Cemex by 451.7% during the 3rd quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company's stock worth $151,907,000 after acquiring an additional 13,834,438 shares in the last quarter. Orbis Allan Gray Ltd raised its stake in shares of Cemex by 90.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company's stock worth $182,263,000 after acquiring an additional 12,469,417 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of Cemex during the 3rd quarter worth approximately $48,699,000. Robeco Institutional Asset Management B.V. increased its stake in Cemex by 54.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,366,666 shares of the construction company's stock valued at $93,196,000 after purchasing an additional 3,639,547 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Cemex by 58.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company's stock valued at $40,320,000 after purchasing an additional 2,661,030 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Cemex Stock Performance

Shares of NYSE CX opened at $11.93 on Friday. The company's fifty day moving average price is $11.66 and its 200 day moving average price is $11.09. Cemex S.A.B. de C.V. has a 1 year low of $4.97 and a 1 year high of $13.35. The company has a market capitalization of $17.28 billion, a PE ratio of 18.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.62 and a current ratio of 0.83.

Cemex (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The firm had revenue of $4.18 billion for the quarter, compared to analysts' expectations of $4.01 billion. On average, research analysts predict that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 11th were issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. This is a boost from Cemex's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, March 11th. Cemex's payout ratio is currently 13.64%.

Wall Street Analysts Forecast Growth

CX has been the topic of a number of recent analyst reports. Scotiabank restated an "outperform" rating and set a $14.10 price target on shares of Cemex in a research note on Friday. Zacks Research downgraded shares of Cemex from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cemex in a report on Wednesday, January 21st. Morgan Stanley raised shares of Cemex from an "equal weight" rating to an "overweight" rating and set a $14.00 price objective on the stock in a report on Monday, March 23rd. Finally, HSBC downgraded shares of Cemex from a "buy" rating to a "hold" rating and set a $12.80 price objective on the stock. in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cemex currently has a consensus rating of "Hold" and a consensus target price of $11.40.

Cemex Company Profile

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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