Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 62.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,330,556 shares of the construction company's stock after purchasing an additional 900,200 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.16% of CEMEX worth $13,144,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its stake in CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after buying an additional 3,062 shares during the period. Barclays PLC grew its stake in shares of 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 acquiring an additional 1,843 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of CEMEX during the fourth quarter worth about $63,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CEMEX by 26.4% in the fourth 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 in the last quarter. Finally, Banco Santander S.A. purchased a new position in CEMEX in the fourth quarter valued at about $78,000. 82.97% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CX has been the topic of several analyst reports. Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada raised their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, StockNews.com downgraded shares of CEMEX from a "buy" rating to a "hold" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.82.
Check Out Our Latest Stock Analysis on CEMEX
CEMEX Stock Performance
CEMEX stock traded up $0.11 during mid-day trading on Friday, reaching $5.13. The company's stock had a trading volume of 11,886,127 shares, compared to its average volume of 10,331,556. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 8.12 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.75. The business has a 50 day moving average price of $6.07 and a 200-day moving average price of $5.83. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.
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 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%. Sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.
CEMEX Dividend Announcement
The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors 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 (DPR) is 12.70%.
About CEMEX
(
Free Report)
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.
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