Eagle Asset Management Inc. Has $379,000 Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Eagle Asset Management Inc. grew its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 10.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 64,356 shares of the construction company’s stock after acquiring an additional 6,175 shares during the period. Eagle Asset Management Inc.’s holdings in CEMEX were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CX. Principal Financial Group Inc. lifted its holdings in CEMEX by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company’s stock worth $127,697,000 after buying an additional 112,479 shares during the period. AQR Capital Management LLC lifted its stake in shares of CEMEX by 28.4% in the second quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock worth $121,113,000 after acquiring an additional 4,217,562 shares during the period. RWC Asset Advisors US LLC boosted its holdings in CEMEX by 32.3% in the second quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock valued at $99,398,000 after acquiring an additional 3,796,262 shares during the last quarter. Perpetual Ltd increased its position in CEMEX by 12.6% during the 3rd quarter. Perpetual Ltd now owns 10,014,640 shares of the construction company’s stock valued at $61,089,000 after purchasing an additional 1,117,379 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in CEMEX by 8.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock worth $60,327,000 after purchasing an additional 807,394 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CX. Scotiabank lowered their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada dropped their price objective on CEMEX from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $6.00 in a research note on Tuesday, October 29th. Finally, Barclays dropped their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.82.

CEMEX Stock Up 4.7 %

CX stock opened at $5.76 on Tuesday. The stock’s 50 day simple moving average is $5.83 and its 200 day simple moving average is $6.33. The company has a market cap of $8.35 billion, a P/E ratio of 19.20 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27.

CEMEX Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were issued a $0.021 dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Friday, September 13th. CEMEX’s dividend payout ratio is currently 13.33%.

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.