O Shaughnessy Asset Management LLC Increases Stock Position in Cemex S.A.B. de C.V. $CX

O Shaughnessy Asset Management LLC increased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 22.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,268,909 shares of the construction company’s stock after acquiring an additional 234,759 shares during the period. O Shaughnessy Asset Management LLC owned about 0.09% of Cemex worth $14,580,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CX. WealthCollab LLC raised its holdings in Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after acquiring an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Cemex by 256.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after acquiring an additional 3,093 shares during the last quarter. Ameriflex Group Inc. raised its holdings in Cemex by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock worth $31,000 after acquiring an additional 1,744 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new position in Cemex in the 3rd quarter worth approximately $36,000. Finally, Militia Capital Partners LP purchased a new position in Cemex in the 2nd quarter worth approximately $46,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemex Trading Up 0.2%

NYSE:CX opened at $12.07 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. Cemex S.A.B. de C.V. has a 12 month low of $6.63 and a 12 month high of $13.67. The company has a market cap of $17.48 billion, a PE ratio of 37.70 and a beta of 1.51. The company has a 50 day simple moving average of $12.36 and a two-hundred day simple moving average of $11.93.

Cemex (NYSE:CX) last posted its earnings results on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. Research analysts forecast that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Cemex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be given a $0.0312 dividend. This is a boost from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. Cemex’s payout ratio is presently 28.13%.

Wall Street Analyst Weigh In

CX has been the subject of a number of recent analyst reports. Barclays restated an “overweight” rating on shares of Cemex in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price objective on shares of Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a report on Friday, April 24th. Scotiabank boosted their price objective on shares of Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a report on Friday, April 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Finally, Morgan Stanley upgraded shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a report on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.77.

Insider Buying and Selling

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

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.