Allianz Asset Management GmbH Takes $1.06 Million Position in Cemex S.A.B. de C.V. $CX

Allianz Asset Management GmbH bought a new stake in Cemex S.A.B. de C.V. (NYSE:CX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 117,786 shares of the construction company’s stock, valued at approximately $1,059,000.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Cemex by 334.7% in the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after buying an additional 7,075 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Cemex by 58.8% in the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after acquiring an additional 2,661,030 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Cemex in the second quarter worth approximately $70,000. Yousif Capital Management LLC grew its holdings in Cemex by 7.3% in the second quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,710 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Cemex by 16.2% during the second quarter. Sequoia Financial Advisors LLC now owns 14,819 shares of the construction company’s stock worth $103,000 after purchasing an additional 2,068 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CX has been the topic of a number of research analyst reports. Zacks Research lowered shares of Cemex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada upped their price target on Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Finally, Scotiabank boosted their target price on Cemex from $11.10 to $13.50 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.04.

Cemex Price Performance

CX opened at $12.56 on Friday. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $13.35. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.83 and a beta of 1.61. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $12.12 and a 200 day simple moving average of $10.38.

Cemex (NYSE:CX) last posted its quarterly earnings data on Thursday, February 5th. The construction company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. Equities research analysts expect 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 Tuesday, December 23rd. Shareholders of record on Monday, December 15th were paid a dividend of $0.0224 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, December 15th. Cemex’s dividend payout ratio (DPR) is 13.64%.

Cemex Profile

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.