Wellington Management Group LLP Purchases 192,399 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Wellington Management Group LLP raised its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CXFree Report) by 76.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 444,262 shares of the construction company’s stock after acquiring an additional 192,399 shares during the period. Wellington Management Group LLP’s holdings in CEMEX were worth $3,443,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV bought a new position in CEMEX during the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of CEMEX by 65.0% in the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,062 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of CEMEX by 40.6% in the third quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after buying an additional 2,454 shares during the period. Fisher Asset Management LLC raised its holdings in CEMEX by 3,180.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after buying an additional 10,590 shares during the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in CEMEX during the 4th quarter valued at $86,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Trading Up 0.8 %

NYSE CX opened at $6.39 on Monday. The firm has a market capitalization of $9.26 billion, a PE ratio of 45.64 and a beta of 1.47. The stock’s 50 day moving average is $7.34 and its 200 day moving average is $7.84. CEMEX, S.A.B. de C.V. has a twelve month low of $5.67 and a twelve month high of $9.27. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54.

CEMEX (NYSE:CXGet Free Report) last announced its earnings results on Monday, April 29th. The construction company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The firm had revenue of $4.14 billion for the quarter. During the same quarter last year, the firm posted $0.15 EPS. Research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.87 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were issued a dividend of $0.349 per share. The ex-dividend date was Monday, June 17th. CEMEX’s payout ratio is 14.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Wednesday, April 24th. Royal Bank of Canada initiated coverage on CEMEX in a report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 price objective for the company. The Goldman Sachs Group boosted their target price on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.46.

View Our Latest Stock Analysis on CX

CEMEX Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CEMEX (NYSE:CX)

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