Advisors Asset Management Inc. Grows Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Advisors Asset Management Inc. grew its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 672,276 shares of the construction company’s stock after purchasing an additional 105,184 shares during the quarter. Advisors Asset Management Inc.’s holdings in CEMEX were worth $3,792,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after acquiring an additional 7,986,204 shares during the period. Loomis Sayles & Co. L P lifted its stake in CEMEX by 63.2% in 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 acquiring an additional 2,090,688 shares during the period. Sanctuary Advisors LLC lifted its stake in CEMEX by 46.5% in the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company’s stock worth $319,000 after acquiring an additional 16,585 shares during the period. IFP Advisors Inc lifted its stake in CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after acquiring an additional 3,062 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in CEMEX by 30.5% in the fourth quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company’s stock worth $174,000 after acquiring an additional 7,232 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

Shares of CEMEX stock opened at $6.04 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $8.75 billion, a P/E ratio of 9.58 and a beta of 1.45. The business has a fifty day simple moving average of $6.10 and a two-hundred day simple moving average of $5.88. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27.

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

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s payout ratio is presently 12.70%.

Wall Street Analyst Weigh In

CX has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada raised their price target on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.82.

CEMEX Company 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.