US Bancorp DE Buys 68,983 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

US Bancorp DE raised its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 866.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,945 shares of the construction company's stock after acquiring an additional 68,983 shares during the period. US Bancorp DE's holdings in CEMEX were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CX. QRG Capital Management Inc. increased its holdings in shares of CEMEX by 30.5% in the 4th quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock worth $174,000 after buying an additional 7,232 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of CEMEX by 14.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 64,333 shares of the construction company's stock worth $363,000 after buying an additional 7,976 shares during the last quarter. Holistic Financial Partners increased its holdings in shares of CEMEX by 25.0% in the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock worth $79,000 after buying an additional 2,787 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of 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 buying an additional 3,062 shares during the last quarter. Finally, RWC Asset Management LLP increased its holdings in shares of CEMEX by 46.1% in the 4th quarter. RWC Asset Management LLP now owns 5,862,677 shares of the construction company's stock worth $33,065,000 after buying an additional 1,848,597 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CX shares. Royal Bank of Canada boosted their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. The Goldman Sachs Group boosted 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $7.82.

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CEMEX Price Performance

CEMEX stock opened at $6.02 on Thursday. The firm has a 50-day moving average of $6.05 and a two-hundred day moving average of $5.88. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 9.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

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

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.0207 dividend. The ex-dividend date is Monday, March 10th. CEMEX's payout ratio 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.

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