Segall Bryant & Hamill LLC Purchases New Shares in Cemex S.A.B. de C.V. $CX

Segall Bryant & Hamill LLC purchased a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 64,900 shares of the construction company’s stock, valued at approximately $583,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CX. WealthCollab LLC lifted its holdings in Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after acquiring an additional 1,580 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Cemex by 256.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after buying an additional 3,093 shares in the last quarter. Militia Capital Partners LP purchased a new position in shares of Cemex in the second quarter valued at $46,000. Jones Financial Companies Lllp raised its stake in shares of Cemex by 334.7% during the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock worth $52,000 after buying an additional 7,075 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Cemex during the 2nd quarter worth $79,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

CX has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a research report on Wednesday, January 21st. Scotiabank raised their price target on shares of Cemex from $11.10 to $13.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Zacks Research lowered shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. HSBC downgraded shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective on the stock. in a research note on Friday, February 6th. Finally, Barclays reiterated an “overweight” rating and issued a $15.00 target price on shares of Cemex in a research note on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cemex currently has a consensus rating of “Hold” and an average price target of $11.04.

Cemex Trading Down 3.6%

CX opened at $10.93 on Friday. The stock has a market capitalization of $15.84 billion, a PE ratio of 16.56, a P/E/G ratio of 0.76 and a beta of 1.60. Cemex S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $13.35. The firm’s fifty day moving average price is $12.35 and its 200 day moving average price is $10.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.62.

Cemex (NYSE:CX) last announced its quarterly earnings data on Thursday, February 5th. The construction company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.38). The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. As a group, research analysts expect that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 11th. This is an increase from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is currently 13.64%.

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.