Schroder Investment Management Group Grows Position in Cemex S.A.B. de C.V. $CX

Schroder Investment Management Group boosted its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 66.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,205,330 shares of the construction company’s stock after acquiring an additional 2,084,365 shares during the period. Schroder Investment Management Group owned about 0.36% of Cemex worth $46,796,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WealthCollab LLC grew its stake in shares of Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after purchasing an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 3,093 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in Cemex by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock worth $31,000 after buying an additional 1,744 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Cemex during the 3rd quarter worth about $36,000. Finally, Militia Capital Partners LP acquired a new position in shares of Cemex during the 2nd quarter worth about $46,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Price Performance

Shares of NYSE CX opened at $10.75 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.62 and a current ratio of 0.83. Cemex S.A.B. de C.V. has a one year low of $4.89 and a one year high of $13.35. The firm has a market capitalization of $15.58 billion, a P/E ratio of 16.29, a PEG ratio of 0.74 and a beta of 1.60. The company’s fifty day moving average is $12.31 and its two-hundred day moving average is $10.82.

Cemex (NYSE:CX) last announced its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). Cemex had a net margin of 5.93% and a return on equity of 2.85%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.0225 per share. This is a boost from Cemex’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 11th. Cemex’s payout ratio is presently 13.64%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CX. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Barclays reiterated an “overweight” rating and issued a $15.00 price target on shares of Cemex in a research note on Tuesday, January 27th. Scotiabank upped their target price on shares of Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a report on Thursday, February 5th. HSBC lowered shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price target on the stock. in a research note on Friday, February 6th. Finally, Zacks Research downgraded shares of Cemex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.04.

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.