Vanguard Group Inc. Has $21.79 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Vanguard Group Inc. grew its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,863,502 shares of the construction company's stock after purchasing an additional 53,269 shares during the quarter. Vanguard Group Inc. owned about 0.27% of CEMEX worth $21,790,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CX. Stifel Financial Corp increased its position in CEMEX by 30.4% during the third quarter. Stifel Financial Corp now owns 100,406 shares of the construction company's stock worth $612,000 after acquiring an additional 23,388 shares during the period. Orion Portfolio Solutions LLC grew its position in CEMEX by 39.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company's stock worth $92,000 after purchasing an additional 4,306 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of CEMEX by 65.8% during the 3rd quarter. MML Investors Services LLC now owns 20,706 shares of the construction company's stock worth $126,000 after purchasing an additional 8,221 shares during the period. Barclays PLC raised its position 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 buying an additional 1,843 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of CEMEX by 46.5% in the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company's stock valued at $319,000 after buying an additional 16,585 shares during the period. 82.97% of the stock is currently owned by institutional investors.

CEMEX Price Performance

CEMEX stock traded up $0.21 during mid-day trading on Friday, hitting $5.41. 10,945,853 shares of the company were exchanged, compared to its average volume of 10,579,977. CEMEX, S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $8.35. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $5.92 and a 200 day moving average of $5.79. The company has a market capitalization of $7.83 billion, a PE ratio of 8.58 and a beta of 1.28.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating 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, sell-side analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio is 12.70%.

Analyst Ratings Changes

Several brokerages recently issued reports on CX. StockNews.com upgraded CEMEX from a "hold" rating to a "buy" rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada lowered their price target on shares of CEMEX from $6.00 to $5.00 and set an "underperform" rating on the stock in a report on Monday, April 14th. Finally, Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the stock a "neutral" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.63.

CEMEX Company 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.