NBC Securities Inc. Grows Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

NBC Securities Inc. grew its position in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 111,708.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,849 shares of the construction company's stock after buying an additional 64,791 shares during the quarter. NBC Securities Inc.'s holdings in CEMEX were worth $363,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its stake in CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after acquiring an additional 3,062 shares during the last quarter. Barclays PLC lifted 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 purchasing an additional 3,510 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of CEMEX in the fourth quarter valued at about $57,000. Dark Forest Capital Management LP acquired a new stake in shares of CEMEX in the fourth quarter valued at approximately $59,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of CEMEX during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

CX has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group upped their price objective on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Itau BBA Securities cut CEMEX from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of CEMEX from a "hold" rating to a "buy" rating in a report on Saturday, May 3rd. Finally, Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.58.

CEMEX Trading Up 2.1%

NYSE:CX traded up $0.15 during mid-day trading on Tuesday, reaching $6.92. The company's stock had a trading volume of 12,507,442 shares, compared to its average volume of 11,725,877. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The stock has a market cap of $10.02 billion, a P/E ratio of 10.98 and a beta of 1.40. The company's fifty day simple moving average is $6.20 and its two-hundred day simple moving average is $6.01. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $7.34.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The business had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. On average, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.0224 per share. This represents a $0.09 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 17th. CEMEX's dividend payout ratio is currently 8.33%.

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.