Envestnet Asset Management Inc. Has $4.34 Million Stake in Cemex S.A.B. de C.V. (NYSE:CX)

Key Points

• Envestnet Asset Management Inc. increased its stake in Cemex S.A.B. de C.V. by **7.8%**, owning **772,764 shares** valued at approximately **$4.33 million** after acquiring an additional **55,964 shares** in the 1st quarter.
• Cemex's **quarterly earnings** showed an **EPS of $0.23**, surpassing the consensus estimate of $0.18, although revenue of **$4.13 billion** fell short of predictions.
• The company recently declared a **quarterly dividend** of **$0.0224 per share**, leading to an annualized yield of **1.07%** and a dividend payout ratio of just **8.33%**.

Envestnet Asset Management Inc. raised its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 772,764 shares of the construction company's stock after purchasing an additional 55,964 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of Cemex worth $4,335,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CX. Wayfinding Financial LLC bought a new stake in Cemex in the first 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 acquiring an additional 3,510 shares during the period. Townsquare Capital LLC bought a new stake in Cemex in the fourth quarter valued at about $57,000. Dark Forest Capital Management LP bought a new stake in Cemex in the fourth quarter valued at about $59,000. Finally, Raiffeisen Bank International AG bought a new stake in Cemex in the fourth quarter valued at about $59,000. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CX. Royal Bank Of Canada upped their target price on shares of Cemex from $5.00 to $5.25 and gave the company an "underperform" rating in a research note on Tuesday, April 29th. Itau BBA Securities cut shares of Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. Bradesco Corretora set a $7.50 target price on shares of Cemex and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Wall Street Zen lowered shares of Cemex from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Cemex presently has an average rating of "Hold" and a consensus price target of $7.74.

Cemex Price Performance

Cemex stock traded up $0.16 during trading hours on Tuesday, hitting $8.57. 1,335,527 shares of the stock were exchanged, compared to its average volume of 12,824,436. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.86. The stock has a market capitalization of $12.41 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.04 and a beta of 1.38. Cemex S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $8.52. The business's 50-day moving average is $7.16 and its two-hundred day moving average is $6.40.

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 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 analyst estimates of $4.20 billion. Equities research analysts expect that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0224 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.05%. Cemex's payout ratio is 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.