WCM Investment Management LLC Makes New Investment in Cemex S.A.B. de C.V. $CX

WCM Investment Management LLC purchased a new stake in Cemex S.A.B. de C.V. (NYSE:CX) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,381,108 shares of the construction company’s stock, valued at approximately $48,699,000. WCM Investment Management LLC owned about 0.37% of Cemex as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Dodge & Cox raised its position in shares of Cemex by 35.1% in the 2nd quarter. Dodge & Cox now owns 95,023,835 shares of the construction company’s stock worth $658,515,000 after buying an additional 24,703,035 shares during the period. Orbis Allan Gray Ltd increased its stake in Cemex by 90.2% during the second quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock worth $182,263,000 after acquiring an additional 12,469,417 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Cemex by 54.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,366,666 shares of the construction company’s stock worth $93,196,000 after acquiring an additional 3,639,547 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Cemex by 58.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after purchasing an additional 2,661,030 shares during the period. Finally, Man Group plc lifted its stake in shares of Cemex by 247.9% in the 2nd quarter. Man Group plc now owns 3,319,643 shares of the construction company’s stock valued at $23,005,000 after purchasing an additional 2,365,418 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Citigroup cut shares of Cemex from a “buy” rating to a “neutral” rating and upped their price target for the stock from $9.00 to $10.00 in a research report on Monday, October 13th. Finally, The Goldman Sachs Group raised their price objective on Cemex from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Four research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.52.

Cemex Stock Performance

Cemex stock opened at $12.64 on Tuesday. Cemex S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $13.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.67. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The firm’s fifty day moving average price is $11.79 and its 200 day moving average price is $10.13.

Cemex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were given a dividend of $0.0224 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Cemex’s dividend payout ratio (DPR) is presently 9.68%.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.