Fox Run Management L.L.C. Invests $199,000 in Cemex S.A.B. de C.V. $CX

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Cemex S.A.B. de C.V., purchasing 35,429 shares valued at approximately $199,000.
• Cemex recently reported earnings of $0.23 per share, exceeding expectations, although revenues fell short of estimates at $4.13 billion.
• The company announced a quarterly dividend of $0.0224 per share, offering a yield of 1.0% and a low dividend payout ratio of 7.84%.

Fox Run Management L.L.C. acquired a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,429 shares of the construction company's stock, valued at approximately $199,000.

A number of other hedge funds have also recently added to or reduced their stakes in CX. Wayfinding Financial LLC bought a new position in Cemex during the 1st quarter worth $29,000. Barclays PLC increased its stake in Cemex by 56.2% during the 4th quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after acquiring an additional 3,510 shares during the period. Townsquare Capital LLC bought a new position in Cemex during the 4th quarter worth $57,000. Dark Forest Capital Management LP bought a new position in Cemex during the 4th quarter worth $59,000. Finally, Raiffeisen Bank International AG bought a new position in Cemex during the 4th quarter worth $59,000. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CX shares. Wall Street Zen lowered Cemex from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Royal Bank Of Canada lifted their price target on 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 lowered Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. Barclays lifted their price target on Cemex from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Three investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.91.

Cemex Trading Down 0.2%

CX traded down $0.0150 during midday trading on Monday, hitting $8.8850. 6,858,377 shares of the company were exchanged, compared to its average volume of 12,892,785. The firm has a market capitalization of $12.88 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.95 and a beta of 1.40. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $9.04. The firm's 50 day moving average price is $7.79 and its 200-day moving average price is $6.77. 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 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.20 billion. Cemex had a return on equity of 6.89% and a net margin of 9.61%. As a group, equities analysts forecast 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. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.0224 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 annualized dividend and a yield of 1.0%. Cemex's payout ratio is presently 7.84%.

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.