Deprince Race & Zollo Inc. Has $8.69 Million Stock Holdings in Cemex S.A.B. de C.V. $CX

Deprince Race & Zollo Inc. decreased its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 19.5% during the 1st quarter, HoldingsChannel reports. The firm owned 759,338 shares of the construction company’s stock after selling 184,353 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Cemex were worth $8,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CX. JPMorgan Chase & Co. raised its stake in Cemex by 84.9% during the third quarter. JPMorgan Chase & Co. now owns 4,529,612 shares of the construction company’s stock worth $40,721,000 after acquiring an additional 2,080,341 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of Cemex in the 4th quarter valued at approximately $2,781,000. Dorsey Wright & Associates acquired a new stake in shares of Cemex in the 3rd quarter valued at approximately $1,402,000. Dodge & Cox grew its holdings in shares of Cemex by 1.8% during the 3rd quarter. Dodge & Cox now owns 96,734,370 shares of the construction company’s stock valued at $869,642,000 after purchasing an additional 1,710,535 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Cemex by 66.8% during the 3rd quarter. Schroder Investment Management Group now owns 5,205,330 shares of the construction company’s stock valued at $46,796,000 after purchasing an additional 2,084,365 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CX. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on shares of Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a research report on Friday, April 24th. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, March 23rd. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Santander upgraded Cemex to an “outperform” rating in a research note on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.77.

Insider Transactions at Cemex

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the transaction, the insider directly owned 846,010 shares in the company, valued at approximately $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Cemex Stock Performance

NYSE:CX opened at $12.27 on Friday. The stock has a market cap of $17.77 billion, a P/E ratio of 38.34 and a beta of 1.52. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $12.63 and its 200-day moving average is $12.13. Cemex S.A.B. de C.V. has a 1-year low of $7.12 and a 1-year high of $13.67.

Cemex (NYSE:CX) last released its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) 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 0.91 earnings per share for the current year.

Cemex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.0312 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s payout ratio is presently 37.50%.

About Cemex

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.