Dodge & Cox Buys 48,942,309 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Dodge & Cox increased its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 7,200.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,622,009 shares of the construction company's stock after purchasing an additional 48,942,309 shares during the period. Dodge & Cox owned approximately 3.42% of CEMEX worth $279,868,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. XTX Topco Ltd bought a new position in CEMEX in the 4th quarter valued at about $774,000. Barclays PLC increased its stake in CEMEX by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock valued at $55,000 after acquiring an additional 3,510 shares during the last quarter. Townsquare Capital LLC acquired a new position in CEMEX during the fourth quarter valued at approximately $57,000. Capital Fund Management S.A. raised its position in CEMEX by 25.8% during the fourth quarter. Capital Fund Management S.A. now owns 649,769 shares of the construction company's stock valued at $3,665,000 after purchasing an additional 133,303 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in CEMEX during the fourth quarter worth $1,427,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

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

CEMEX Trading Up 3.9 %

Shares of CX traded up $0.21 during mid-day trading on Friday, reaching $5.41. 10,945,853 shares of the company were exchanged, compared to its average volume of 10,579,977. The business has a 50 day simple moving average of $5.92 and a two-hundred day simple moving average of $5.79. 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 $7.83 billion, a PE ratio of 8.58 and a beta of 1.28. CEMEX, S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $8.35.

CEMEX (NYSE:CX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (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%. On average, analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

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

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.