Oppenheimer & Co. Inc. Has $81,000 Stake in Cemex S.A.B. de C.V. (NYSE:CX)

Oppenheimer & Co. Inc. grew its position in Cemex S.A.B. de C.V. (NYSE:CX) by 21.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,431 shares of the construction company’s stock after buying an additional 2,505 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cemex were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CX. IFP Advisors Inc increased its position in Cemex by 159.1% during 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 last quarter. Natixis Advisors LLC grew its position in Cemex by 13.6% during the fourth quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company’s stock worth $2,023,000 after buying an additional 43,089 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cemex by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company’s stock valued at $21,790,000 after purchasing an additional 53,269 shares during the last quarter. QRG Capital Management Inc. raised its stake in Cemex by 30.5% during the fourth quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company’s stock worth $174,000 after acquiring an additional 7,232 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Cemex during the fourth quarter worth $63,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CX has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on Cemex from $6.00 to $6.80 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 3rd. Bradesco Corretora set a $7.50 target price on Cemex and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Morgan Stanley cut Cemex from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Finally, Royal Bank Of Canada boosted their price objective on Cemex from $5.00 to $5.25 and gave the company an “underperform” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Cemex has an average rating of “Hold” and a consensus price target of $7.58.

Cemex Stock Down 0.3%

Shares of NYSE:CX opened at $7.15 on Friday. Cemex S.A.B. de C.V. has a 1 year low of $4.89 and a 1 year high of $7.34. The business has a 50 day simple moving average of $6.78 and a two-hundred day simple moving average of $6.17. The firm has a market capitalization of $10.36 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.60.

Cemex (NYSE:CX) last posted its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The company had revenue of $186.46 million during the quarter, compared to analyst estimates of $214.59 million. Cemex had a return on equity of 6.47% and a net margin of 8.84%. On average, equities analysts predict that Cemex S.A.B. de C.V. will post 0.69 EPS for the current year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0224 dividend. This represents a $0.09 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, June 17th. Cemex’s payout ratio is 8.33%.

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 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.