Advisors Asset Management Inc. Grows Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Advisors Asset Management Inc. lifted its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 672,276 shares of the construction company's stock after buying an additional 105,184 shares during the quarter. Advisors Asset Management Inc.'s holdings in CEMEX were worth $3,792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CX. IFP Advisors Inc boosted its holdings 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 purchasing an additional 3,062 shares during the period. Barclays PLC boosted its stake in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after buying an additional 1,843 shares during the period. Aureus Asset Management LLC purchased a new position in CEMEX during the third quarter worth about $70,000. Envestnet Portfolio Solutions Inc. increased its stake in CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock worth $73,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in shares of CEMEX in the 4th quarter valued at about $78,000. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CX has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. The Goldman Sachs Group boosted their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.82.

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CEMEX Price Performance

CX traded up $0.24 during midday trading on Tuesday, hitting $6.30. The stock had a trading volume of 17,722,453 shares, compared to its average volume of 9,585,225. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The business has a fifty day moving average of $6.12 and a 200 day moving average of $5.88. The company has a market cap of $9.13 billion, a P/E ratio of 10.00 and a beta of 1.45.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio is currently 12.70%.

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.