Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 725,320 shares of the construction company's stock after acquiring an additional 46,242 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of CEMEX worth $4,091,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc raised its holdings 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 valued at $28,000 after purchasing an additional 3,062 shares during the period. 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 worth $38,000 after acquiring an additional 1,843 shares in the last quarter. Aureus Asset Management LLC bought a new stake in shares of CEMEX during the third quarter valued at approximately $70,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of 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 purchasing an additional 2,720 shares in the last quarter. Finally, Banco Santander S.A. bought a new stake in CEMEX during the 4th quarter valued at $78,000. Institutional investors own 82.97% of the company's stock.

CEMEX Stock Performance

NYSE CX traded up $0.05 during trading on Thursday, hitting $6.04. 8,995,976 shares of the company's stock traded hands, compared to its average volume of 9,628,996. 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 stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 9.58 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a 12-month low of $5.00 and a 12-month high of $9.27. The business has a 50 day moving average of $6.15 and a 200-day moving average of $5.89.

CEMEX (NYSE:CX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate 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 research analysts anticipate 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. Investors 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 payout ratio is 12.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CX shares. Royal Bank of Canada raised their price target 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. Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.