Headlands Technologies LLC Takes Position in Cemex S.A.B. de C.V. (NYSE:CX)

Headlands Technologies LLC bought a new position in Cemex S.A.B. de C.V. (NYSE:CX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,775 shares of the construction company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CX. Wayfinding Financial LLC bought a new position in shares of Cemex during the first quarter valued at $29,000. Barclays PLC raised its holdings in shares of 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 buying an additional 3,510 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Cemex in the fourth quarter valued at about $57,000. Dark Forest Capital Management LP acquired a new stake in Cemex in the fourth quarter worth about $59,000. Finally, Raiffeisen Bank International AG acquired a new stake in Cemex in the fourth quarter worth about $59,000. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on Cemex from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on Cemex from $5.00 to $5.25 and gave the stock an "underperform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price objective on Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Wall Street Zen lowered Cemex from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Itau BBA Securities lowered Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.91.

Cemex Stock Up 0.8%

Shares of CX traded up $0.06 on Friday, hitting $8.56. The company's stock had a trading volume of 1,433,226 shares, compared to its average volume of 12,853,095. The firm's fifty day moving average price is $7.57 and its 200-day moving average price is $6.66. 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. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.93 and a beta of 1.40.

Cemex (NYSE:CX - Get Free Report) last posted 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. The business had revenue of $4.13 billion during the quarter, compared to analysts' expectations of $4.20 billion. Cemex had a return on equity of 6.89% and a net margin of 9.61%. On average, equities research analysts expect that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a $0.0224 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 17th. Cemex's dividend 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.