2 weeks Ago By ABMN Staff
Franklin Resources Inc. purchased a new position in shares of CEMEX, S.A.
B. de C.V.
( NYSE:CX – Free Report ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,142 shares of the construction company’s stock, valued at approximately $63,000. A number of other institutional investors have also modified their holdings of CX.
B. Metzler seel. Sohn & Co.
AG acquired a new stake in CEMEX in the 4th quarter worth about $1,498,000. Everstar Asset Management LLC acquired a new stake in shares of CEMEX in the fourth quarter worth approximately $83,000. O Shaughnessy Asset Management LLC purchased a new stake in CEMEX in the fourth quarter valued at approximately $1,735,000.
IPG Investment Advisors LLC increased its position in CEMEX by 141.5% during the fourth quarter. IPG Investment Advisors LLC now owns 3,525,493 shares of the construction company’s stock worth $19,884,000 after purchasing an additional 2,065,469 shares during the last quarter.
Finally, Schroder Investment Management Group raised its stake in CEMEX by 745.6% during the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock worth $150,809,000 after purchasing an additional 23,576,914 shares during the period.
Institutional investors and hedge funds own 82.97% of the company’s stock. CEMEX Stock Performance CEMEX stock opened at $5.
41 on Friday. The firm has a market capitalization of $7.83 billion, a PE ratio of 8.
58 and a beta of 1.28. CEMEX, S.
A.B. de C.
V. has a one year low of $4.89 and a one year high of $8.
35. The stock’s 50 day moving average price is $5.92 and its 200 day moving average price is $5.
79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.
58 and a current ratio of 0.82. CEMEX Announces Dividend The firm also recently announced a dividend, which was paid on Tuesday, March 18th.
Stockholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th.
CEMEX’s dividend payout ratio is presently 12.70%. Analysts Set New Price Targets Several analysts have recently issued reports on CX shares.
Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada dropped their price target on CEMEX from $6.
00 to $5.00 and set an “underperform” rating for the company in a research note on Monday, April 14th. Morgan Stanley downgraded CEMEX from an “overweight” rating to an “equal weight” rating in a 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 report on Thursday, February 27th.
Finally, StockNews.com upgraded shares of CEMEX from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock.
According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.63.
Check Out Our Latest Research Report on CEMEX CEMEX Profile ( 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 Want to see what other hedge funds are holding CX? Visit HoldingsChannel.
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de C.V. ( NYSE:CX – Free Report ).
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