CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,863,502 shares of the construction company’s stock after buying an additional 53,269 shares during the period. Vanguard Group Inc. owned approximately 0.27% of CEMEX worth $21,790,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CX. Barclays PLC lifted its position in shares of 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. Envestnet Portfolio Solutions Inc. raised its stake 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 purchasing an additional 2,720 shares during the period. Holistic Financial Partners lifted its holdings in shares of CEMEX by 25.0% in the fourth quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock valued at $79,000 after purchasing an additional 2,787 shares in the last quarter. IFP Advisors Inc boosted its position in shares of CEMEX by 159.1% in the fourth 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 period. Finally, Avantax Advisory Services Inc. grew its holdings in shares of CEMEX by 32.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company’s stock valued at $82,000 after buying an additional 3,558 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

CEMEX Stock Performance

CX stock opened at $5.25 on Wednesday. CEMEX, S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $8.60. The firm has a 50 day moving average of $6.00 and a two-hundred day moving average of $5.81. 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 company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 8.33 and a beta of 1.28.

CEMEX (NYSE:CX) last issued its quarterly earnings results 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 return on equity of 7.78% and a net margin of 5.70%. As a group, equities analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is presently 12.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CX shares. The Goldman Sachs Group increased their price objective on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 26th. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank of Canada decreased their target price on shares of CEMEX from $6.00 to $5.00 and set an “underperform” rating for the company in a research note on Monday. Finally, StockNews.com raised shares of CEMEX from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, CEMEX presently has an average rating of “Hold” and an average price target of $7.63.

CEMEX 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.