Cemex S.A.B. de C.V. (NYSE:CX) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in Cemex S.A.B. de C.V. (NYSE:CX) by 137.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,252 shares of the construction company’s stock after purchasing an additional 18,114 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Cemex were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox grew its stake in shares of Cemex by 7,200.6% during the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock worth $279,868,000 after purchasing an additional 48,942,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cemex by 30.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company’s stock worth $229,806,000 after buying an additional 9,541,622 shares during the period. Lazard Asset Management LLC increased its holdings in Cemex by 3.2% in the fourth quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company’s stock valued at $207,757,000 after buying an additional 1,127,293 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Cemex by 745.6% during the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock valued at $150,809,000 after acquiring an additional 23,576,914 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Cemex by 3.5% during the 4th quarter. BNP Paribas Financial Markets now owns 4,218,579 shares of the construction company’s stock worth $23,793,000 after acquiring an additional 141,003 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Stock Performance

Shares of NYSE:CX opened at $7.39 on Tuesday. The business’s 50-day simple moving average is $6.89 and its 200 day simple moving average is $6.24. The company has a market cap of $10.70 billion, a P/E ratio of 7.69, a PEG ratio of 1.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.85. Cemex S.A.B. de C.V. has a one year low of $4.89 and a one year high of $7.50.

Cemex (NYSE:CX) last released its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $186.46 million for the quarter, compared to the consensus estimate of $214.59 million. Cemex had a net margin of 8.84% and a return on equity of 6.47%. On average, 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a $0.0224 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.21%. Cemex’s dividend payout ratio (DPR) is presently 8.33%.

Analysts Set New Price Targets

Several analysts have recently commented on CX shares. Morgan Stanley lowered shares of Cemex from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Royal Bank Of Canada increased their target price on Cemex from $5.00 to $5.25 and gave the company an “underperform” rating in a report on Tuesday, April 29th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on Cemex from $6.00 to $6.80 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Finally, Itau BBA Securities cut Cemex from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.58.

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.