Yousif Capital Management LLC Grows Stock Position in Cemex S.A.B. de C.V. $CX

Yousif Capital Management LLC boosted its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,159 shares of the construction company’s stock after buying an additional 1,710 shares during the quarter. Yousif Capital Management LLC’s holdings in Cemex were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CX. Wayfinding Financial LLC bought a new stake in shares of Cemex in the 1st quarter worth about $29,000. Farther Finance Advisors LLC grew its holdings in Cemex by 63.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock valued at $36,000 after purchasing an additional 2,027 shares during the last quarter. Jones Financial Companies Lllp raised its position in Cemex by 334.7% in the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock worth $52,000 after purchasing an additional 7,075 shares during the period. Parallax Volatility Advisers L.P. bought a new stake in Cemex in the first quarter worth about $60,000. Finally, Sargent Investment Group LLC bought a new stake in Cemex in the first quarter worth about $62,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

CX stock opened at $9.36 on Friday. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $9.97. The business has a 50-day moving average price of $9.18 and a 200 day moving average price of $7.73. The company has a market capitalization of $13.57 billion, a P/E ratio of 9.18, a PEG ratio of 1.34 and a beta of 1.51. 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 (NYSE:CX) last posted its earnings results on Thursday, July 24th. The construction company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Cemex had a net margin of 9.61% and a return on equity of 6.89%. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.20 billion. As a group, equities research analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 17th were issued a dividend of $0.0224 per share. This represents a $0.09 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Cemex’s dividend payout ratio (DPR) is presently 8.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a report on Friday. Citigroup downgraded Cemex from a “buy” rating to a “neutral” rating and upped their price objective for the company from $9.00 to $10.00 in a research report on Monday, October 13th. JPMorgan Chase & Co. upgraded Cemex from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $8.10 to $10.50 in a research report on Tuesday, August 26th. The Goldman Sachs Group upped their price target on shares of Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.52.

Cemex Company 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.