De La Garza Oscar Bal Elizondo Sells 212,680 Shares of Cemex (NYSE:CX) Stock

Cemex S.A.B. de C.V. (NYSE:CX) VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the sale, the vice president owned 289,490 shares in the company, valued at approximately $3,091,753.20. This trade represents a 42.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Cemex Stock Down 0.6%

NYSE:CX traded down $0.06 during mid-day trading on Thursday, hitting $10.60. 10,131,524 shares of the company’s stock were exchanged, compared to its average volume of 7,916,182. The company has a market cap of $15.36 billion, a PE ratio of 31.18 and a beta of 1.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. Cemex S.A.B. de C.V. has a one year low of $8.59 and a one year high of $13.67. The business has a fifty day moving average price of $12.07 and a 200 day moving average price of $12.07.

Cemex (NYSE:CX) last issued its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 EPS for the quarter. Cemex had a return on equity of 3.82% and a net margin of 2.83%.The firm had revenue of $4.59 billion for the quarter. Equities analysts predict that Cemex S.A.B. de C.V. will post 0.91 EPS for the current year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were issued a dividend of $0.0312 per share. The ex-dividend date was Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.2%. Cemex’s dividend payout ratio is currently 35.29%.

Institutional Trading of Cemex

Large investors have recently modified their holdings of the company. Schroder Investment Management Group grew its stake in Cemex by 406.2% in the fourth quarter. Schroder Investment Management Group now owns 26,348,884 shares of the construction company’s stock valued at $302,749,000 after purchasing an additional 21,143,554 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Cemex by 451.7% during the third quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock valued at $151,907,000 after acquiring an additional 13,834,438 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of Cemex by 90.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock valued at $182,263,000 after purchasing an additional 12,469,417 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in Cemex by 53.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 10,857,832 shares of the construction company’s stock worth $125,392,000 after purchasing an additional 3,766,639 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Cemex by 1,747.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,646,000 shares of the construction company’s stock worth $41,710,000 after purchasing an additional 3,448,600 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Santander upgraded Cemex to an “outperform” rating in a research note on Thursday, June 11th. Scotiabank boosted their price target on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen cut Cemex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.07.

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.