BNP Paribas Financial Markets Has $23.79 Million Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

BNP Paribas Financial Markets lifted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,218,579 shares of the construction company’s stock after buying an additional 141,003 shares during the quarter. BNP Paribas Financial Markets owned about 0.29% of CEMEX worth $23,793,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its stake in shares of CEMEX by 15.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 45,795 shares of the construction company’s stock valued at $258,000 after acquiring an additional 6,261 shares in the last quarter. Northern Trust Corp raised its position in shares of CEMEX by 100.9% in the fourth quarter. Northern Trust Corp now owns 1,707,762 shares of the construction company’s stock valued at $9,632,000 after purchasing an additional 857,802 shares during the period. MGO One Seven LLC acquired a new stake in shares of CEMEX in the fourth quarter worth $115,000. Dark Forest Capital Management LP bought a new stake in shares of CEMEX during the 4th quarter worth $59,000. Finally, Stifel Financial Corp grew its stake in CEMEX by 39.2% in the 4th quarter. Stifel Financial Corp now owns 139,718 shares of the construction company’s stock valued at $788,000 after buying an additional 39,312 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CX. JPMorgan Chase & Co. upped their price target on shares of CEMEX from $6.00 to $6.80 and gave the company a “neutral” rating in a report on Tuesday, April 29th. The Goldman Sachs Group lifted their price target on CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada increased their price objective on CEMEX from $5.00 to $5.25 and gave the company an “underperform” rating in a research report on Tuesday, April 29th. Bradesco Corretora set a $7.50 target price on shares of CEMEX and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Finally, StockNews.com upgraded shares of CEMEX from a “hold” rating to a “buy” rating in a research report on Saturday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, CEMEX currently has an average rating of “Hold” and an average price target of $7.58.

CEMEX Price Performance

NYSE:CX opened at $6.40 on Friday. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 10.16 and a beta of 1.41. The company has a 50-day moving average of $5.79 and a 200-day moving average of $5.80. CEMEX, S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $8.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82.

CEMEX (NYSE:CX) last released its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The company had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. As a group, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s payout ratio is presently 8.33%.

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.