24,414 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by Truist Financial Corp

Truist Financial Corp bought a new stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,414 shares of the construction company’s stock, valued at approximately $173,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Perpetual Ltd purchased a new position in shares of CEMEX during the first quarter valued at approximately $61,679,000. American Century Companies Inc. raised its stake in CEMEX by 5,504.9% during the 1st quarter. American Century Companies Inc. now owns 8,262,416 shares of the construction company’s stock valued at $45,691,000 after buying an additional 8,115,001 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of CEMEX by 470.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,398,810 shares of the construction company’s stock valued at $46,432,000 after buying an additional 6,925,661 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of CEMEX by 155.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 8,390,996 shares of the construction company’s stock worth $59,408,000 after buying an additional 5,110,521 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of CEMEX by 184.8% in the first quarter. AQR Capital Management LLC now owns 6,800,611 shares of the construction company’s stock worth $37,607,000 after acquiring an additional 4,413,029 shares during the period. Institutional investors own 31.81% of the company’s stock.

CEMEX Trading Up 3.7 %

Shares of CX stock opened at $7.09 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.58 and a current ratio of 0.89. The stock has a fifty day simple moving average of $6.51 and a two-hundred day simple moving average of $6.93. The firm has a market capitalization of $10.27 billion, a PE ratio of 20.26, a PEG ratio of 0.57 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 52-week low of $3.98 and a 52-week high of $8.46.

Analyst Ratings Changes

CX has been the topic of several recent research reports. Morgan Stanley increased their price objective on shares of CEMEX from $9.00 to $12.00 in a research note on Friday, July 28th. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 9th. Barclays upped their price objective on CEMEX from $8.00 to $9.00 in a research note on Friday, July 28th. Citigroup reiterated a “buy” rating and set a $8.20 target price on shares of CEMEX in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. upped their price target on CEMEX from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.47.

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 worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.