Aigen Investment Management LP acquired a new stake in Cemex S.A.B. de C.V. (NYSE:CX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 38,947 shares of the construction company's stock, valued at approximately $218,000.
A number of other hedge funds have also recently bought and sold shares of CX. LPL Financial LLC boosted its position in shares of Cemex by 12.8% in the 4th quarter. LPL Financial LLC now owns 190,591 shares of the construction company's stock worth $1,075,000 after purchasing an additional 21,617 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Cemex in the 4th quarter worth $63,000. Wells Fargo & Company MN boosted its position in shares of Cemex by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,142,193 shares of the construction company's stock worth $6,442,000 after purchasing an additional 51,967 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Cemex by 6.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 716,800 shares of the construction company's stock worth $4,043,000 after purchasing an additional 46,330 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Cemex by 22.2% in the 4th quarter. Bank of Montreal Can now owns 46,534 shares of the construction company's stock worth $262,000 after purchasing an additional 8,453 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.
Cemex Price Performance
Shares of CX stock traded up $0.02 during trading hours on Monday, reaching $8.55. The company's stock had a trading volume of 4,613,222 shares, compared to its average volume of 12,832,233. The firm's 50 day simple moving average is $7.61 and its 200-day simple moving average is $6.69. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.91 and a beta of 1.40. Cemex S.A.B. de C.V. has a fifty-two week low of $4.89 and a fifty-two week high of $8.83. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37.
Cemex (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.20 billion. Cemex had a return on equity of 6.89% and a net margin of 9.61%. Sell-side analysts forecast that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.
Cemex Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a $0.0224 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 annualized dividend and a dividend yield of 1.0%. Cemex's dividend payout ratio (DPR) is 7.84%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on CX shares. Itau BBA Securities lowered Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Wall Street Zen downgraded Cemex from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Barclays boosted their price target on Cemex from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their price target on Cemex from $5.00 to $5.25 and gave the company an "underperform" rating in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.91.
View Our Latest Analysis on CX
About Cemex
(
Free Report)
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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