Cemex S.A.B. de C.V. $CX Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 343.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,942 shares of the construction company’s stock after purchasing an additional 11,575 shares during the period. Bessemer Group Inc.’s holdings in Cemex were worth $103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Cemex by 2.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 73,555 shares of the construction company’s stock valued at $510,000 after buying an additional 2,103 shares during the period. MQS Management LLC acquired a new stake in shares of Cemex during the 2nd quarter valued at $147,000. Legacy Wealth Asset Management LLC boosted its stake in shares of Cemex by 2.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 79,800 shares of the construction company’s stock valued at $553,000 after buying an additional 1,843 shares during the period. Lesa Sroufe & Co boosted its stake in shares of Cemex by 1.9% during the 2nd quarter. Lesa Sroufe & Co now owns 371,850 shares of the construction company’s stock valued at $2,577,000 after buying an additional 6,949 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Cemex by 43.4% during the 2nd quarter. Ritholtz Wealth Management now owns 233,060 shares of the construction company’s stock valued at $1,615,000 after buying an additional 70,534 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemex Price Performance

NYSE:CX opened at $10.05 on Wednesday. The firm has a market cap of $14.56 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51. Cemex S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $10.45. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $8.02.

Cemex (NYSE:CX) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Cemex had a net margin of 8.62% and a return on equity of 6.85%. The firm had revenue of $230.56 million for the quarter, compared to analyst estimates of $226.73 million. On average, equities analysts anticipate 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 $0.0224 dividend. This represents a $0.09 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 17th. Cemex’s dividend payout ratio is currently 9.68%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CX. Scotiabank lowered shares of Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price objective for the company. in a research note on Tuesday, October 21st. Barclays lifted their price objective on shares of Cemex from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America raised shares of Cemex from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $10.80 in a research report on Wednesday, October 15th. Finally, Citigroup lowered shares of Cemex from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $9.00 to $10.00 in a research report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cemex currently has an average rating of “Hold” and a consensus target price of $10.14.

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.