Diversify Wealth Management LLC Invests $1.12 Million in Cemex S.A.B. de C.V. $CX

Diversify Wealth Management LLC purchased a new stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 125,072 shares of the construction company’s stock, valued at approximately $1,124,000.

Several other large investors also recently bought and sold shares of CX. WealthCollab LLC lifted its stake in Cemex by 73.7% during the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after acquiring an additional 1,580 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cemex by 256.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after acquiring an additional 3,093 shares during the period. Militia Capital Partners LP purchased a new position in shares of Cemex during the second quarter valued at approximately $46,000. Jones Financial Companies Lllp lifted its position in Cemex by 334.7% during the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after purchasing an additional 7,075 shares during the period. Finally, Atria Investments Inc purchased a new stake in Cemex in the second quarter worth approximately $79,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CX. Zacks Research lowered shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Barclays reissued an “overweight” rating and set a $15.00 price objective on shares of Cemex in a research report on Tuesday, January 27th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Scotiabank boosted their price target on Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Finally, HSBC cut Cemex from a “buy” rating to a “hold” rating and set a $12.80 price target for the company. in a research report on Friday, February 6th. Four investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.04.

Cemex Trading Down 2.1%

Shares of NYSE CX opened at $12.49 on Friday. Cemex S.A.B. de C.V. has a 1-year low of $4.89 and a 1-year high of $13.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.62. The business’s 50 day moving average is $12.38 and its two-hundred day moving average is $10.68. The stock has a market capitalization of $18.10 billion, a P/E ratio of 18.93, a PEG ratio of 0.85 and a beta of 1.61.

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

Cemex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were paid 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 is currently 13.64%.

Cemex Company 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.