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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Cemex in the first quarter worth $29,000. Barclays PLC raised its position in shares of Cemex by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after buying an additional 3,510 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of Cemex in the fourth quarter worth $57,000. Dark Forest Capital Management LP bought a new position in Cemex in the fourth quarter valued at $59,000. Finally, Raiffeisen Bank International AG bought a new position in Cemex in the fourth quarter valued at $59,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Cemex Trading Up 1.1%

Shares of Cemex stock traded up $0.10 during trading on Tuesday, reaching $8.97. 12,413,099 shares of the stock were exchanged, compared to its average volume of 12,980,762. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average is $7.87 and its 200 day moving average is $6.81. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth 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 $9.19.

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

Cemex Dividend Announcement

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

Analyst Ratings Changes

CX has been the topic of a number of research analyst reports. Itau BBA Securities cut Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. Wall Street Zen cut Cemex from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. raised Cemex from a "neutral" rating to an "overweight" rating and increased their target price for the company from $8.10 to $10.50 in a research note on Tuesday. Royal Bank Of Canada increased their target price on Cemex from $5.00 to $5.25 and gave the company an "underperform" rating in a research note on Tuesday, April 29th. Finally, Barclays increased their target price on Cemex from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.53.

About Cemex

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.