Northern Trust Corp Has $9.63 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Northern Trust Corp increased its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 100.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707,762 shares of the construction company’s stock after purchasing an additional 857,802 shares during the quarter. Northern Trust Corp owned approximately 0.12% of CEMEX worth $9,632,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after acquiring an additional 3,062 shares during the last quarter. Barclays PLC grew its holdings in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares during the last quarter. Townsquare Capital LLC bought a new stake in CEMEX during the 4th quarter worth approximately $57,000. Dark Forest Capital Management LP bought a new stake in CEMEX during the 4th quarter worth approximately $59,000. Finally, Franklin Resources Inc. bought a new stake in CEMEX during the 4th quarter worth approximately $63,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of CEMEX from $5.00 to $5.25 and gave the stock an “underperform” rating in a report on Tuesday, April 29th. The Goldman Sachs Group upped their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a “neutral” rating in a research note on Tuesday, April 15th. StockNews.com raised shares of CEMEX from a “hold” rating to a “buy” rating in a research note on Saturday, May 3rd. Finally, Morgan Stanley lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.58.

CEMEX Stock Up 0.1%

Shares of NYSE CX opened at $6.86 on Friday. The firm has a market cap of $9.93 billion, a PE ratio of 10.88 and a beta of 1.41. CEMEX, S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $7.89. The company’s fifty day simple moving average is $5.86 and its 200 day simple moving average is $5.84. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX) last issued its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is presently 8.33%.

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.