5,177 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,177 shares of the construction company’s stock, valued at approximately $33,000.

Several other large investors also recently bought and sold shares of the company. Capital International Investors grew its holdings in CEMEX by 0.5% during the 4th quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock valued at $217,024,000 after purchasing an additional 152,587 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CEMEX by 0.6% during the second quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company’s stock valued at $127,697,000 after acquiring an additional 112,479 shares in the last quarter. RWC Asset Advisors US LLC increased its position in shares of CEMEX by 32.3% during the second quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock worth $99,398,000 after acquiring an additional 3,796,262 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of CEMEX by 17.6% in the fourth quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock worth $76,262,000 after acquiring an additional 1,471,407 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in CEMEX by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,577,635 shares of the construction company’s stock valued at $68,274,000 after purchasing an additional 94,790 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Performance

CEMEX stock opened at $6.07 on Tuesday. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.50 and a fifty-two week high of $9.27. The firm’s 50 day simple moving average is $6.28 and its 200-day simple moving average is $7.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. The company has a market cap of $8.79 billion, a P/E ratio of 43.32 and a beta of 1.48.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. The firm had revenue of $4.49 billion for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. As a group, equities research analysts predict that CEMEX, S.A.B. de C.V. will post 0.84 EPS for the current year.

CEMEX Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th will be paid a $0.021 dividend. This represents a yield of 0.7%. The ex-dividend date is Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

CX has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price for the company. Barclays raised shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Wednesday, July 31st. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $8.00 target price on shares of CEMEX in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.70.

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.