Moneda S.A. Administradora General de Fondos Takes Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Moneda S.A. Administradora General de Fondos purchased a new stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 717,736 shares of the construction company’s stock, valued at approximately $4,048,000. CEMEX comprises about 4.2% of Moneda S.A. Administradora General de Fondos’ portfolio, making the stock its 8th largest position.

Several other large investors have also recently modified their holdings of CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CEMEX during the third quarter worth $190,346,000. JPMorgan Chase & Co. raised its stake in CEMEX by 123.7% during the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after buying an additional 7,986,204 shares during the last quarter. BNP Paribas Financial Markets raised its stake in CEMEX by 166.9% during the third quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock worth $24,873,000 after buying an additional 2,549,852 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in CEMEX by 63.2% during the third quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock worth $32,927,000 after buying an additional 2,090,688 shares during the last quarter. Finally, RWC Asset Management LLP raised its stake in CEMEX by 46.1% during the fourth quarter. RWC Asset Management LLP now owns 5,862,677 shares of the construction company’s stock worth $33,065,000 after buying an additional 1,848,597 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CX. Royal Bank of Canada raised their price target on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group raised their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, CEMEX presently has an average rating of “Hold” and a consensus price target of $7.82.

CEMEX Stock Down 4.2 %

Shares of NYSE CX opened at $5.94 on Tuesday. The stock has a market capitalization of $8.61 billion, a P/E ratio of 9.43 and a beta of 1.49. The company has a 50-day moving average price of $6.00 and a 200-day moving average price of $5.91. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, equities research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s dividend payout ratio is currently 9.52%.

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.