Loomis Sayles & Co. L P Has $29.79 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Loomis Sayles & Co. L P decreased its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,282,011 shares of the construction company’s stock after selling 115,966 shares during the quarter. Loomis Sayles & Co. L P owned about 0.36% of CEMEX worth $29,791,000 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. raised its holdings in shares of CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after purchasing an additional 7,986,204 shares during the period. Sanctuary Advisors LLC increased its position in CEMEX by 46.5% during the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company’s stock worth $319,000 after buying an additional 16,585 shares during the last quarter. IFP Advisors Inc raised 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 valued at $28,000 after buying an additional 3,062 shares during the period. Natixis Advisors LLC lifted its position in shares of CEMEX by 13.6% in the fourth quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company’s stock valued at $2,023,000 after buying an additional 43,089 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of CEMEX by 30.5% during the 4th 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. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.82.

CEMEX Stock Up 0.8 %

CX opened at $6.04 on Friday. The stock has a fifty day moving average of $6.16 and a 200-day moving average of $5.89. The company has a market capitalization of $8.75 billion, a P/E ratio of 9.58 and a beta of 1.45. 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. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

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

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.