American Century Companies Inc. Purchases 72,724 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

American Century Companies Inc. increased its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,541,787 shares of the construction company's stock after purchasing an additional 72,724 shares during the period. American Century Companies Inc. owned 0.24% of CEMEX worth $19,976,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CX. IFP Advisors Inc raised its position in shares of CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after acquiring an additional 3,062 shares during the last quarter. Barclays PLC boosted its holdings in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after acquiring an additional 1,843 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in CEMEX in the third quarter worth about $70,000. Envestnet Portfolio Solutions Inc. raised its holdings in CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock worth $73,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in CEMEX during the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Stock Down 2.2 %

CX traded down $0.13 during trading on Thursday, reaching $5.57. The company had a trading volume of 26,679,556 shares, compared to its average volume of 9,821,673. The company has a market cap of $8.06 billion, a P/E ratio of 8.83 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.24. 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 business's fifty day moving average price is $6.17 and its 200 day moving average price is $5.88.

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

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is currently 12.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CX. Morgan Stanley cut shares of 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 shares of CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group raised their price target on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.82.

About CEMEX

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.