CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 84.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,913 shares of the construction company's stock after selling 112,059 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in CEMEX were worth $134,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its holdings in shares of CEMEX by 3,180.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company's stock worth $85,000 after buying an additional 10,590 shares during the last quarter. Spire Wealth Management lifted its stake in shares of CEMEX by 3.9% in the 4th quarter. Spire Wealth Management now owns 67,406 shares of the construction company's stock valued at $503,000 after purchasing an additional 2,500 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of CEMEX by 9.5% in the 4th quarter. BNP Paribas Financial Markets now owns 1,029,329 shares of the construction company's stock valued at $7,977,000 after purchasing an additional 89,375 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CEMEX by 7.9% during the 4th quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company's stock worth $161,462,000 after purchasing an additional 1,521,007 shares during the period. Finally, Boston Partners acquired a new stake in shares of CEMEX during the 4th quarter worth about $5,523,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Stock Up 1.3 %

NYSE:CX traded up $0.08 during midday trading on Thursday, hitting $5.85. 19,319,626 shares of the company were exchanged, compared to its average volume of 8,066,813. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.66 and a fifty-two week high of $9.27. The company has a market capitalization of $8.47 billion, a PE ratio of 41.21 and a beta of 1.47. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $7.32.

CEMEX (NYSE:CX - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The firm had revenue of $4.49 billion for the quarter. As a group, equities analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current fiscal year.

CEMEX Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Tuesday, September 24th. Investors of record on Friday, September 13th will be issued a dividend of $0.021 per share. This represents a dividend yield of 0.7%. The ex-dividend date is Friday, September 13th. CEMEX's dividend payout ratio is currently 14.29%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CX. StockNews.com upgraded shares of CEMEX from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 18th. Barclays raised CEMEX from an "equal weight" rating to an "overweight" rating and set a $9.00 price objective for the company in a research note on Wednesday, July 31st. Royal Bank of Canada initiated coverage on CEMEX in a research note on Tuesday, May 14th. They set an "underperform" rating and a $9.00 target price on the stock. The Goldman Sachs Group began coverage on CEMEX in a research report on Wednesday, July 10th. They issued a "buy" rating and a $9.00 target price for the company. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a $8.00 price target on shares of CEMEX in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.70.

CEMEX 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.