Cemex S.A.B. de C.V. $CX Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 63.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,210 shares of the construction company’s stock after purchasing an additional 2,027 shares during the period. Farther Finance Advisors LLC’s holdings in Cemex were worth $36,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CX. GAMMA Investing LLC lifted its stake in shares of Cemex by 1,188.4% in the first quarter. GAMMA Investing LLC now owns 21,155 shares of the construction company’s stock valued at $119,000 after purchasing an additional 19,513 shares during the period. Ritholtz Wealth Management increased its holdings in Cemex by 12.2% during the 1st quarter. Ritholtz Wealth Management now owns 162,526 shares of the construction company’s stock valued at $912,000 after acquiring an additional 17,705 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Cemex by 11.2% during the 1st quarter. QRG Capital Management Inc. now owns 34,389 shares of the construction company’s stock valued at $193,000 after acquiring an additional 3,452 shares in the last quarter. Lesa Sroufe & Co purchased a new position in Cemex during the 1st quarter valued at about $2,047,000. Finally, Blue Trust Inc. increased its holdings in Cemex by 39.1% during the 1st quarter. Blue Trust Inc. now owns 30,968 shares of the construction company’s stock valued at $174,000 after acquiring an additional 8,712 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CX shares. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a report on Saturday, September 27th. JPMorgan Chase & Co. upgraded shares of Cemex from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $8.10 to $10.50 in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Bank of America boosted their target price on shares of Cemex from $8.60 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Barclays boosted their target price on shares of Cemex from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cemex has an average rating of “Hold” and a consensus price target of $9.02.

Cemex Trading Up 1.3%

CX opened at $9.11 on Wednesday. The stock has a market capitalization of $13.19 billion, a PE ratio of 8.93, a P/E/G ratio of 1.45 and a beta of 1.51. The firm’s fifty day moving average price is $8.96 and its 200 day moving average price is $7.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.61. Cemex S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $9.61.

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

Cemex Announces Dividend

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

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.