Signaturefd LLC Lowers Position in Cemex S.A.B. de C.V. $CX

Signaturefd LLC decreased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,280 shares of the construction company’s stock after selling 8,345 shares during the period. Signaturefd LLC’s holdings in Cemex were worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox boosted its holdings in shares of Cemex by 41.7% in the first quarter. Dodge & Cox now owns 70,320,800 shares of the construction company’s stock valued at $394,500,000 after acquiring an additional 20,698,791 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of Cemex by 115.6% in the first quarter. Orbis Allan Gray Ltd now owns 13,831,102 shares of the construction company’s stock valued at $77,592,000 after acquiring an additional 7,416,743 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Cemex by 58.8% during the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after buying an additional 2,661,030 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Cemex by 2.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 6,394,205 shares of the construction company’s stock worth $35,871,000 after buying an additional 136,923 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Cemex during the first quarter worth about $27,123,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

NYSE:CX opened at $9.05 on Friday. The firm has a 50 day simple moving average of $8.92 and a 200-day simple moving average of $7.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.61. The firm has a market cap of $13.11 billion, a PE ratio of 8.87, a P/E/G ratio of 1.43 and a beta of 1.51. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $9.61.

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

Cemex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 17th were given a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Cemex’s payout ratio is currently 8.82%.

Analyst Upgrades and Downgrades

CX has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised shares of Cemex from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $8.10 to $10.50 in a report on Tuesday, August 26th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Scotiabank reissued an “outperform” rating on shares of Cemex in a report on Tuesday, September 2nd. Finally, Bank of America boosted their price objective on shares of Cemex from $8.60 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.02.

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.