CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 9.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 67,730 shares of the construction company’s stock after selling 7,436 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in CEMEX were worth $382,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Focus Partners Wealth acquired a new position in shares of CEMEX during the 4th quarter worth $66,000. Deprince Race & Zollo Inc. grew its stake in shares of CEMEX by 16.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 969,419 shares of the construction company’s stock worth $5,468,000 after purchasing an additional 135,081 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of CEMEX during the 4th quarter worth $846,000. Cetera Investment Advisers grew its stake in shares of CEMEX by 8.4% during the 4th quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company’s stock worth $179,000 after purchasing an additional 2,452 shares during the period. Finally, Bastion Asset Management Inc. acquired a new position in shares of CEMEX during the 4th quarter worth $3,285,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CX. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. boosted their price objective on shares of CEMEX from $6.00 to $6.80 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective on shares of 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 boosted their price objective on shares of CEMEX from $5.00 to $5.25 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. Finally, Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.58.

CEMEX Price Performance

CEMEX stock opened at $6.86 on Friday. The firm has a market capitalization of $9.93 billion, a PE ratio of 10.88 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $5.84. CEMEX, S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $7.90.

CEMEX (NYSE:CX) last released its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) 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 net margin of 5.70% and a return on equity of 7.78%. On average, equities research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is 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.