Cemex S.A.B. de C.V. $CX Shares Sold by Strs Ohio

Strs Ohio lessened its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,702,431 shares of the construction company’s stock after selling 250,880 shares during the period. Strs Ohio owned about 0.26% of Cemex worth $42,356,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Dodge & Cox raised its position in shares of Cemex by 1.8% during the 3rd quarter. Dodge & Cox now owns 96,734,370 shares of the construction company’s stock valued at $869,642,000 after acquiring an additional 1,710,535 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in Cemex by 3.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 36,132,733 shares of the construction company’s stock worth $415,165,000 after purchasing an additional 1,225,219 shares during the last quarter. Schroder Investment Management Group lifted its stake in Cemex by 406.2% during the fourth quarter. Schroder Investment Management Group now owns 26,348,884 shares of the construction company’s stock worth $302,749,000 after purchasing an additional 21,143,554 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Cemex by 11.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,191,754 shares of the construction company’s stock worth $243,494,000 after purchasing an additional 2,182,666 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Cemex by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 18,737,871 shares of the construction company’s stock worth $215,298,000 after purchasing an additional 1,840,515 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at Cemex

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the sale, the insider directly owned 846,010 shares in the company, valued at $10,287,481.60. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Cemex Price Performance

Shares of CX opened at $12.27 on Friday. The company has a market cap of $17.77 billion, a P/E ratio of 38.34 and a beta of 1.52. The stock has a fifty day moving average price of $12.64 and a 200 day moving average price of $12.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. Cemex S.A.B. de C.V. has a 12 month low of $7.12 and a 12 month high of $13.67.

Cemex (NYSE:CX) last posted its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. On average, research analysts forecast that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Cemex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were issued a $0.0312 dividend. This is a boost from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. Cemex’s dividend payout ratio is 37.50%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.75 target price on shares of Cemex in a report on Friday, April 24th. Santander raised shares of Cemex to an “outperform” rating in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price objective 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. Finally, Wall Street Zen raised shares of Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cemex currently has an average rating of “Moderate Buy” and an average price target of $12.77.

About Cemex

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.