Schroder Investment Management Group Boosts Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Schroder Investment Management Group boosted its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 745.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,739,107 shares of the construction company's stock after acquiring an additional 23,576,914 shares during the quarter. Schroder Investment Management Group owned 1.85% of CEMEX worth $150,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CX. Barclays PLC boosted 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 purchasing an additional 1,843 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock valued at $73,000 after buying an additional 2,720 shares during the last quarter. Holistic Financial Partners boosted its position in CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock valued at $79,000 after buying an additional 2,787 shares during the period. IFP Advisors Inc grew its holdings in CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after acquiring an additional 3,062 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in CEMEX by 32.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company's stock worth $82,000 after acquiring an additional 3,558 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

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CEMEX Stock Down 7.8 %

Shares of CX stock traded down $0.44 during midday trading on Friday, reaching $5.13. 11,350,500 shares of the stock were exchanged, compared to its average volume of 9,833,801. CEMEX, S.A.B. de C.V. has a 1 year low of $4.98 and a 1 year high of $9.24. The firm has a market cap of $7.43 billion, a PE ratio of 8.12 and a beta of 1.28. The company's 50 day moving average is $6.17 and its two-hundred day moving average is $5.88. 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 issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, equities research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.82.

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.