Lesa Sroufe & Co Makes New $2.05 Million Investment in Cemex S.A.B. de C.V. (NYSE:CX)

Lesa Sroufe & Co purchased a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 364,901 shares of the construction company's stock, valued at approximately $2,047,000. Cemex comprises approximately 2.0% of Lesa Sroufe & Co's portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CX. IFP Advisors Inc increased its stake in shares of Cemex by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after buying an additional 3,062 shares during the period. Barclays PLC lifted its holdings in Cemex by 56.2% during the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after acquiring an additional 3,510 shares in the last quarter. Townsquare Capital LLC acquired a new position in Cemex in the fourth quarter valued at about $57,000. Dark Forest Capital Management LP acquired a new stake in shares of Cemex during the fourth quarter worth about $59,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Cemex during the fourth quarter worth about $59,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CX has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Cemex from a "hold" rating to a "buy" rating in a report on Saturday, May 3rd. The Goldman Sachs Group boosted their price objective 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. Morgan Stanley lowered shares of Cemex from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Bradesco Corretora set a $7.50 price objective on shares of Cemex and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cemex presently has an average rating of "Hold" and an average target price of $7.58.

Cemex Stock Performance

NYSE:CX traded down $0.07 during mid-day trading on Friday, hitting $6.80. The stock had a trading volume of 13,947,629 shares, compared to its average volume of 11,943,784. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $7.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.85. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 1.32 and a beta of 1.40. The company's 50 day simple moving average is $6.44 and its 200 day simple moving average is $6.07.

Cemex (NYSE:CX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. Cemex had a return on equity of 6.47% and a net margin of 8.84%. The firm had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. On average, equities research analysts forecast that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.0224 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a yield of 1.32%. Cemex's dividend payout ratio (DPR) is 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.