Cemex S.A.B. de C.V. $CX Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 7.4% during the first quarter, Holdings Channel reports. The fund owned 4,150,537 shares of the construction company’s stock after acquiring an additional 287,350 shares during the period. Sei Investments Co.’s holdings in Cemex were worth $47,482,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WealthCollab LLC boosted its holdings in Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after purchasing an additional 1,580 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after purchasing an additional 3,093 shares in the last quarter. NFSG Corp increased its holdings in Cemex by 123.5% during the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,579 shares during the period. Kestra Advisory Services LLC purchased a new stake in Cemex during the 4th quarter worth about $34,000. Finally, Militia Capital Partners LP acquired a new stake in Cemex in the 2nd quarter valued at about $46,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CX has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Santander raised shares of Cemex to an “outperform” rating in a report on Thursday, June 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Scotiabank boosted their price target on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Cemex from $12.75 to $13.50 and gave the stock a “sector perform” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.07.

Insider Buying and Selling at Cemex

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the sale, the insider directly owned 846,010 shares of the company’s stock, valued at $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Cemex Trading Down 1.5%

Shares of Cemex stock opened at $12.07 on Friday. The company has a fifty day simple moving average of $12.57 and a 200-day simple moving average of $12.23. Cemex S.A.B. de C.V. has a 12-month low of $8.15 and a 12-month high of $13.67. 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 has a market cap of $17.49 billion, a price-to-earnings ratio of 35.52 and a beta of 1.52.

Cemex (NYSE:CX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Cemex had a net margin of 2.83% and a return on equity of 3.76%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.46 billion. On average, equities analysts forecast that Cemex S.A.B. de C.V. will post 0.87 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were issued a $0.0312 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 17th. This is an increase from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is presently 37.50%.

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.