State of New Jersey Common Pension Fund D Raises Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

State of New Jersey Common Pension Fund D increased its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 51.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,067,115 shares of the construction company's stock after buying an additional 364,503 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of CEMEX worth $6,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of CEMEX by 36.0% in the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock worth $40,000 after buying an additional 1,747 shares in the last quarter. Barclays PLC lifted its position in CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after acquiring an additional 1,843 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in CEMEX by 3.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company's stock valued at $463,000 after purchasing an additional 2,654 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company's stock worth $164,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of CEMEX by 14.5% in the third quarter. Ballentine Partners LLC now owns 29,736 shares of the construction company's stock worth $181,000 after purchasing an additional 3,777 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Scotiabank decreased their price objective on shares of CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of CEMEX from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Finally, Barclays dropped their price target on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.82.

CEMEX Stock Performance

CX traded down $0.18 during trading on Friday, hitting $6.54. The company's stock had a trading volume of 7,159,112 shares, compared to its average volume of 9,542,612. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The business's 50 day simple moving average is $5.90 and its 200-day simple moving average is $5.91. 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 firm has a market cap of $9.47 billion, a PE ratio of 10.37 and a beta of 1.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX's dividend payout ratio is currently 9.52%.

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.