Northern Trust Corp Has $9.63 Million Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Northern Trust Corp grew its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 100.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,707,762 shares of the construction company's stock after buying an additional 857,802 shares during the period. Northern Trust Corp owned 0.12% of CEMEX worth $9,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CX. Barclays PLC lifted its position in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares during the period. TCP Asset Management LLC acquired a new stake in CEMEX in the fourth quarter worth approximately $242,000. Ballentine Partners LLC lifted its position in CEMEX by 15.0% in the fourth quarter. Ballentine Partners LLC now owns 34,210 shares of the construction company's stock worth $193,000 after purchasing an additional 4,474 shares during the period. Blue Trust Inc. lifted its position in CEMEX by 17.2% in the fourth quarter. Blue Trust Inc. now owns 50,636 shares of the construction company's stock worth $309,000 after purchasing an additional 7,423 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in CEMEX by 28.2% in the fourth quarter. Hantz Financial Services Inc. now owns 246,623 shares of the construction company's stock worth $1,391,000 after purchasing an additional 54,231 shares during the period. Institutional investors own 82.97% of the company's stock.

CEMEX Price Performance

Shares of NYSE CX traded up $0.15 during trading on Friday, hitting $7.15. The company had a trading volume of 16,928,858 shares, compared to its average volume of 11,500,011. The company has a market cap of $10.36 billion, a P/E ratio of 11.35 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $7.73. The business's 50-day moving average is $5.96 and its 200 day moving average is $5.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $186.46 million for the quarter, compared to analysts' expectations of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Equities research analysts predict 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 dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is currently 8.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada upped their target price on CEMEX from $5.00 to $5.25 and gave the stock an "underperform" rating in a research report on Tuesday, April 29th. Bradesco Corretora set a $7.50 target price on CEMEX and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their target price on CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group upped their price target on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.58.

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.