253,025 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 253,025 shares of the construction company's stock, valued at approximately $1,427,000.

Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its position in shares of CEMEX by 12.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 555,959 shares of the construction company's stock worth $3,391,000 after buying an additional 63,274 shares in the last quarter. Aureus Asset Management LLC purchased a new position in CEMEX during the 3rd quarter valued at about $70,000. Stifel Financial Corp raised its position in shares of CEMEX by 30.4% in the third quarter. Stifel Financial Corp now owns 100,406 shares of the construction company's stock worth $612,000 after buying an additional 23,388 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of CEMEX by 39.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company's stock valued at $92,000 after buying an additional 4,306 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of CEMEX by 65.8% in the 3rd quarter. MML Investors Services LLC now owns 20,706 shares of the construction company's stock worth $126,000 after acquiring an additional 8,221 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. The Goldman Sachs Group increased their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, CEMEX currently has an average rating of "Hold" and a consensus price target of $7.82.

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CEMEX Trading Down 2.2 %

Shares of CX stock traded down $0.13 during trading hours on Thursday, reaching $5.57. 26,679,556 shares of the stock were exchanged, compared to its average volume of 9,821,673. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 8.83 and a beta of 1.28. The company's 50-day moving average price is $6.17 and its 200-day moving average price is $5.88. CEMEX, S.A.B. de C.V. has a 12-month low of $5.00 and a 12-month high of $9.24. 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%. As a group, equities analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders 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 (DPR) is currently 12.70%.

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.