364,901 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Bought by Lesa Sroufe & Co

Lesa Sroufe & Co purchased a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 364,901 shares of the construction company's stock, valued at approximately $2,047,000. CEMEX accounts for approximately 2.0% of Lesa Sroufe & Co's investment portfolio, making the stock its 18th biggest position.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after acquiring an additional 3,062 shares during the period. Natixis Advisors LLC lifted its holdings in CEMEX by 13.6% in the fourth quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock valued at $2,023,000 after acquiring an additional 43,089 shares during the period. Vanguard Group Inc. lifted its holdings in CEMEX by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock valued at $21,790,000 after acquiring an additional 53,269 shares during the period. QRG Capital Management Inc. increased its position in shares of CEMEX by 30.5% in the fourth quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock valued at $174,000 after buying an additional 7,232 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of CEMEX in the fourth quarter valued at $63,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CX shares. Itau BBA Securities cut CEMEX from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Royal Bank of Canada raised 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. Wall Street Zen upgraded CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. JPMorgan Chase & Co. lifted their price objective on 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 lifted their price objective on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.58.

CEMEX Stock Up 1.8%

CX opened at $6.90 on Tuesday. 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 stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 10.94 and a beta of 1.40. The business has a 50-day moving average of $6.35 and a two-hundred day moving average of $6.06. CEMEX, S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $7.34.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The company had revenue of $186.46 million during the quarter, compared to analysts' expectations of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, research analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be paid a $0.0224 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, June 17th. CEMEX's dividend payout ratio is currently 8.33%.

CEMEX Profile

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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