B. Metzler seel. Sohn & Co. AG Sells 30,057 Shares of Cemex S.A.B. de C.V. $CX

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Cemex S.A.B. de C.V. by 11.3%, now holding 235,569 shares worth approximately $1.32 million.
• Recent analyst ratings for Cemex show a mix of upgrades and downgrades, with a consensus rating of "Hold" and a target price of $8.53.
• Cemex reported an EPS of $0.23 for the last quarter, exceeding expectations, while also declaring a quarterly dividend of $0.0224 per share.

B. Metzler seel. Sohn & Co. AG lowered its position in Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 11.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 235,569 shares of the construction company's stock after selling 30,057 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Cemex were worth $1,322,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Cemex in the 1st quarter valued at about $29,000. Barclays PLC increased its stake in Cemex by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock valued at $55,000 after purchasing an additional 3,510 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Cemex during the fourth quarter worth about $59,000. Westfuller Advisors LLC bought a new stake in shares of Cemex during the first quarter worth about $62,000. Finally, Sargent Investment Group LLC bought a new stake in shares of Cemex during the first quarter worth about $62,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CX shares. Scotiabank reissued an "outperform" rating on shares of Cemex in a research report on Tuesday. Bank of America upped their price objective on shares of Cemex from $8.60 to $10.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen raised shares of Cemex from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays upped their price objective on shares of Cemex from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Itau BBA Securities downgraded shares of Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.02.

Cemex Price Performance

Shares of Cemex stock traded down $0.01 on Wednesday, hitting $9.16. 5,639,963 shares of the company traded hands, compared to its average volume of 12,888,101. The firm's 50-day simple moving average is $8.10 and its 200 day simple moving average is $6.89. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The company has a market cap of $13.27 billion, a P/E ratio of 8.97, a P/E/G ratio of 0.95 and a beta of 1.43. Cemex S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $9.25.

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

Cemex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0224 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.09 annualized dividend and a dividend yield of 1.0%. Cemex's payout ratio is currently 7.84%.

Cemex Company 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.