South Dakota Investment Council Raises Holdings in Cemex S.A.B. de C.V. (NYSE:CX)

South Dakota Investment Council boosted its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX - Free Report) by 4.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 978,919 shares of the construction company's stock after purchasing an additional 42,600 shares during the quarter. South Dakota Investment Council owned about 0.07% of Cemex worth $5,492,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have recently commented on CX. Royal Bank Of Canada increased their target price on Cemex from $5.00 to $5.25 and gave the stock an "underperform" rating in a report on Tuesday, April 29th. Bradesco Corretora set a $7.50 price target on Cemex and gave the company a "neutral" rating in a report on Tuesday, April 15th. Barclays reiterated an "overweight" rating and issued a $9.00 price target (up previously from $8.00) on shares of Cemex in a report on Tuesday, July 15th. Itau BBA Securities cut Cemex from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. raised their price target on Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $7.74.

Cemex Stock Performance

Shares of NYSE CX traded down $0.02 during midday trading on Wednesday, hitting $7.90. 4,998,639 shares of the company's stock were exchanged, compared to its average volume of 12,027,544. The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Cemex S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $7.99. The company's 50 day moving average price is $7.05 and its 200 day moving average price is $6.32. The firm has a market capitalization of $11.44 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.38.

Cemex (NYSE:CX - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. Cemex had a return on equity of 6.47% and a net margin of 8.84%. The firm had revenue of $186.46 million during the quarter, compared to the consensus estimate of $214.59 million. As a group, analysts predict that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors 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 dividend on an annualized basis and a yield of 1.13%. Cemex's dividend payout ratio (DPR) 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.