American Century Companies Inc. Acquires 104,172 Shares of Cemex S.A.B. de C.V. $CX

American Century Companies Inc. increased its holdings in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 2.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,645,959 shares of the construction company’s stock after purchasing an additional 104,172 shares during the period. American Century Companies Inc. owned 0.25% of Cemex worth $20,454,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Cemex during the first quarter worth about $29,000. Barclays PLC grew its holdings in Cemex by 56.2% during the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company’s stock worth $55,000 after purchasing an additional 3,510 shares during the period. Dark Forest Capital Management LP bought a new position in Cemex during the fourth quarter worth about $59,000. Raiffeisen Bank International AG bought a new position in Cemex during the fourth quarter worth about $59,000. Finally, Westfuller Advisors LLC bought a new position in Cemex during the first quarter worth about $62,000. Institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

NYSE CX opened at $8.9050 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $12.90 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.95 and a beta of 1.40. Cemex S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $9.04. The firm has a 50-day moving average price of $7.79 and a two-hundred day moving average price of $6.77.

Cemex (NYSE:CX) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.20 billion. Cemex had a net margin of 9.61% and a return on equity of 6.89%. Analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0224 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a yield of 1.0%. Cemex’s payout ratio is currently 7.84%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Cemex from $6.00 to $6.80 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Barclays increased their price target on shares of Cemex from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen cut shares of Cemex from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Itau BBA Securities cut shares of Cemex from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 3rd. Finally, Royal Bank Of Canada increased their price target on shares of Cemex from $5.00 to $5.25 and gave the company an “underperform” rating in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cemex presently has a consensus rating of “Hold” and a consensus target price of $7.91.

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.