Cemex S.A.B. de C.V. $CX Shares Sold by UBS Group AG

UBS Group AG cut its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,891,621 shares of the construction company’s stock after selling 931,376 shares during the period. UBS Group AG’s holdings in Cemex were worth $33,225,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CX. Sequoia Financial Advisors LLC grew its holdings in shares of Cemex by 7.2% in the third quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock valued at $143,000 after purchasing an additional 1,070 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cemex by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock valued at $2,875,000 after purchasing an additional 1,221 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Cemex by 5.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock valued at $218,000 after purchasing an additional 1,268 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cemex by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock valued at $329,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Cemex by 3.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock valued at $387,000 after purchasing an additional 1,389 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. HSBC cut shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a report on Friday, February 6th. Wall Street Zen cut shares of Cemex from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 3rd. JPMorgan Chase & Co. lifted their price target on shares of Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Barclays reiterated an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Cemex currently has an average rating of “Moderate Buy” and a consensus target price of $12.77.

Cemex Stock Down 0.2%

Shares of Cemex stock opened at $13.12 on Friday. Cemex S.A.B. de C.V. has a 52-week low of $6.38 and a 52-week high of $13.67. The company has a 50 day moving average of $11.56 and a 200 day moving average of $11.47. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $19.00 billion, a P/E ratio of 40.99 and a beta of 1.51.

Cemex (NYSE:CX) last issued its quarterly earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. As a group, research analysts forecast that Cemex S.A.B. de C.V. will post 0.92 EPS for the current fiscal year.

Cemex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.0225 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. This is a boost from Cemex’s previous quarterly dividend of $0.02. Cemex’s payout ratio is presently 28.13%.

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total transaction of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares in the company, valued at approximately $10,287,481.60. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Cemex Company Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.