2 weeks Ago By Defense World Staff
Franklin Resources Inc. acquired a new stake in CEMEX, S.A.
B. de C.V.
( NYSE:CX – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,142 shares of the construction company’s stock, valued at approximately $63,000. Other institutional investors have also modified their holdings of the company.
JPMorgan Chase & Co. lifted its position in CEMEX by 123.7% during the 3rd quarter.
JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after acquiring an additional 7,986,204 shares during the period. Sanctuary Advisors LLC raised its stake in shares of 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 purchasing an additional 16,585 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of CEMEX by 159.
1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares during the period. Natixis Advisors LLC grew its position in CEMEX by 13.
6% in the 4th 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.
increased its stake in CEMEX by 30.5% in the 4th quarter. QRG Capital Management Inc.
now owns 30,937 shares of the construction company’s stock valued at $174,000 after buying an additional 7,232 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several analysts have recently commented on CX shares. Bradesco Corretora set a $7.50 target price on shares of CEMEX and gave the stock a “neutral” rating in a research note on Tuesday.
Morgan Stanley downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. The Goldman Sachs Group boosted their target price on CEMEX from $8.00 to $9.
00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com raised CEMEX from a “hold” rating to a “buy” rating in a report on Wednesday.
Finally, Royal Bank of Canada dropped their price objective on CEMEX from $6.00 to $5.00 and set an “underperform” rating on the stock in a report on Monday, April 14th.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.63.
CEMEX Price Performance CX stock opened at $5.41 on Friday. The firm has a 50 day moving average of $5.
92 and a 200-day moving average of $5.79. The company has a market cap of $7.
83 billion, a price-to-earnings ratio of 8.58 and a beta of 1.28.
The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.
43. CEMEX, S.A.
B. de C.V.
has a 12-month low of $4.89 and a 12-month high of $8.35.
CEMEX ( NYSE:CX – Get Free Report ) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
10 by $0.06. CEMEX had a return on equity of 7.
78% and a net margin of 5.70%. As a group, equities analysts expect that CEMEX, S.
A.B. de C.
V. will post 0.69 EPS for the current fiscal year.
CEMEX Announces Dividend The firm also recently disclosed a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.0207 dividend.
The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is presently 12.70%.
About CEMEX ( Free Report ) 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. Featured Articles Five stocks we like better than CEMEX Should You Invest in Penny Stocks? J.
B. Hunt Transport Overcorrects Into a Buying Opportunity The 3 Best Retail Stocks to Shop for in August AppLovin: Can Record Profits Overcome Market Skepticism? Bank Stocks – Best Bank Stocks to Invest In MarketBeat Week in Review – 04/14 – 04/18 Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEMEX, S.
A.B. de C.
V. ( NYSE:CX – Free Report ). Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.
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