Cemex (NYSE:CX) Stock: Insider Lozano Rogelio Zambrano Acquires 400,800 Shares

Key Points

• Insider purchase: Director Lozano Rogelio Zambrano acquired 400,800 Cemex shares at an average price of $17.28, a $6.93 million transaction that increased his direct ownership to 10 million shares.
• Stock and financials: Cemex shares rose 2.3% to $9.73, while the company reported quarterly EPS of $0.24 on $4.59 billion in revenue. Cemex also paid a quarterly dividend of $0.0312 per share, equivalent to a 1.3% annualized yield.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $13.07; institutional investors own approximately 82.97% of the company’s stock.

Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) Director Lozano Rogelio Zambrano bought 400,800 shares of the company's stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of $17.28 per share, for a total transaction of $6,925,824.00. Following the acquisition, the director directly owned 10,000,000 shares of the company's stock, valued at $172,800,000. The trade was a 4.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cemex Stock Up 2.3%

CX stock traded up $0.22 during midday trading on Friday, reaching $9.73. 7,388,258 shares of the company were exchanged, compared to its average volume of 6,256,197. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 28.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.92. Cemex S.A.B. de C.V. has a 1-year low of $8.73 and a 1-year high of $13.67. The stock's 50-day simple moving average is $11.12 and its 200 day simple moving average is $11.76.

Cemex (NYSE:CX - Get Free Report) last issued its earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The business had revenue of $4.59 billion during the quarter. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Cemex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.0312 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.3%. Cemex's payout ratio is 35.29%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CX shares. Royal Bank Of Canada upped their target price on Cemex from $12.75 to $13.50 and gave the company a "sector perform" rating in a research report on Friday, July 24th. Scotiabank lifted their price target on Cemex from $14.10 to $14.50 and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Santander upgraded Cemex to an "outperform" rating in a research note on Thursday, June 11th. Wall Street Zen downgraded Cemex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Cemex in a research report on Friday, August 21st. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.07.

Institutional Investors Weigh In On Cemex

A number of institutional investors have recently added to or reduced their stakes in CX. BNP Paribas Financial Markets lifted its holdings in shares of Cemex by 3.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,136,409 shares of the construction company's stock valued at $47,527,000 after buying an additional 124,420 shares during the period. Sei Investments Co. grew its holdings in Cemex by 7.4% during the first quarter. Sei Investments Co. now owns 4,150,537 shares of the construction company's stock worth $47,482,000 after acquiring an additional 287,350 shares during the period. Lazard Asset Management LLC raised its position in Cemex by 14.4% in the first quarter. Lazard Asset Management LLC now owns 4,046,527 shares of the construction company's stock worth $46,292,000 after acquiring an additional 508,016 shares in the last quarter. Letko Brosseau & Associates Inc. lifted its holdings in Cemex by 3.4% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 3,823,500 shares of the construction company's stock valued at $43,932,000 after acquiring an additional 125,975 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Cemex by 1,747.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,646,000 shares of the construction company's stock worth $41,710,000 after purchasing an additional 3,448,600 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

About Cemex

CEMEX, SAB. de C.V. NYSE: CX is a global building materials company headquartered in Monterrey, Mexico. Its primary businesses include the production, distribution and sale of cement, ready-mix concrete and aggregates, which are used in residential, commercial and infrastructure construction.

The company also provides urbanization and building solutions, including paving materials, concrete products and related services intended to support construction projects from planning through completion.

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