Cemex (NYSE:CX) Insider Herrera Jesus Vicente Gonzalez Sells 35,000 Shares

Cemex S.A.B. de C.V. (NYSE:CX) insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm’s 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 transaction, the insider owned 846,010 shares of the company’s stock, 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 is accessible through this link.

Cemex Trading Up 0.3%

Shares of Cemex stock opened at $12.17 on Thursday. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 38.02 and a beta of 1.60. The business has a 50-day moving average price of $11.53 and a 200-day moving average price of $11.36. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Cemex S.A.B. de C.V. has a twelve month low of $5.88 and a twelve month high of $13.35.

Cemex (NYSE:CX) last issued its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Equities research analysts anticipate that Cemex S.A.B. de C.V. will post 0.85 EPS for the current fiscal year.

Cemex Increases Dividend

The company 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 is a positive change from Cemex’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Cemex’s dividend payout ratio (DPR) is 28.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in Cemex in the fourth quarter worth about $34,000. Ameriflex Group Inc. boosted its position in shares of Cemex by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock valued at $31,000 after buying an additional 1,744 shares during the period. WealthCollab LLC boosted its position in shares of Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after buying an additional 1,580 shares during the period. Reyes Financial Architecture Inc. purchased a new position in shares of Cemex during the third quarter valued at approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Cemex by 256.7% during 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 during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CX. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a research report on Monday, March 23rd. Zacks Research lowered Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Barclays reiterated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. JPMorgan Chase & Co. lifted their price target on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.75 price target on shares of Cemex in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.77.

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.