Cemex S.A.B. de C.V. $CX Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 43.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 233,060 shares of the construction company’s stock after purchasing an additional 70,534 shares during the quarter. Ritholtz Wealth Management’s holdings in Cemex were worth $1,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Yousif Capital Management LLC increased its holdings in shares of Cemex by 7.3% in the second quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,710 shares during the last quarter. Allworth Financial LP grew its position in Cemex by 7.4% in the first quarter. Allworth Financial LP now owns 27,651 shares of the construction company’s stock worth $157,000 after acquiring an additional 1,906 shares during the period. Farther Finance Advisors LLC grew its position in Cemex by 63.7% in the second quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock worth $36,000 after acquiring an additional 2,027 shares during the period. Sequoia Financial Advisors LLC grew its position in Cemex by 16.2% in the second quarter. Sequoia Financial Advisors LLC now owns 14,819 shares of the construction company’s stock worth $103,000 after acquiring an additional 2,068 shares during the period. Finally, Natixis Advisors LLC grew its position in Cemex by 0.6% in the first quarter. Natixis Advisors LLC now owns 360,898 shares of the construction company’s stock worth $2,025,000 after acquiring an additional 2,122 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CX. Scotiabank reiterated an “outperform” rating on shares of Cemex in a research report on Tuesday, September 2nd. Wall Street Zen lowered Cemex from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a research report on Wednesday, October 8th. Barclays increased their price objective on Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Citigroup lowered Cemex from a “buy” rating to a “neutral” rating and raised their price target for the stock from $9.00 to $10.00 in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cemex presently has an average rating of “Hold” and a consensus price target of $9.49.

Cemex Trading Down 0.4%

CX opened at $9.66 on Friday. Cemex S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $9.97. The business has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $7.59. The firm has a market cap of $14.00 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.40 and a beta of 1.51. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 0.37.

Cemex (NYSE:CX) last released its earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.20 billion. Cemex had a return on equity of 6.89% and a net margin of 9.61%. On average, equities analysts expect that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 17th were issued a $0.0224 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $0.09 dividend on an annualized basis and a yield of 0.9%. Cemex’s dividend payout ratio (DPR) is 8.82%.

Cemex Profile

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.