Caprock Group LLC Acquires New Holdings in Cemex S.A.B. de C.V. $CX

Caprock Group LLC bought a new position in Cemex S.A.B. de C.V. (NYSE:CX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 95,175 shares of the construction company’s stock, valued at approximately $865,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Cemex by 4.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 850,420 shares of the construction company’s stock valued at $7,645,000 after buying an additional 36,667 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of Cemex during the third quarter worth about $966,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Cemex by 11.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 38,000 shares of the construction company’s stock valued at $342,000 after purchasing an additional 4,000 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Cemex in the 3rd quarter valued at approximately $106,000. Finally, Savant Capital LLC increased its stake in Cemex by 22.1% during the 3rd quarter. Savant Capital LLC now owns 18,934 shares of the construction company’s stock worth $170,000 after purchasing an additional 3,421 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Stock Performance

CX opened at $12.56 on Monday. The business’s 50-day simple moving average is $12.12 and its 200 day simple moving average is $10.40. Cemex S.A.B. de C.V. has a 52-week low of $4.89 and a 52-week high of $13.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market capitalization of $18.20 billion, a PE ratio of 19.03, a PEG ratio of 0.85 and a beta of 1.61.

Cemex (NYSE:CX) last posted its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.38). The company had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.01 billion. Cemex had a return on equity of 2.85% and a net margin of 5.93%. As a group, sell-side analysts expect that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were paid a $0.0224 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. Cemex’s dividend payout ratio (DPR) is currently 13.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Zacks Research cut shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. HSBC downgraded Cemex from a “buy” rating to a “hold” rating and set a $12.80 price target on the stock. in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a research report on Wednesday, January 21st. Four equities 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 stock. According to MarketBeat, Cemex currently has an average rating of “Hold” and a consensus price target of $11.04.

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.