Dorsey Wright & Associates Increases Holdings in Cemex S.A.B. de C.V. $CX

Dorsey Wright & Associates lifted its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 39.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 228,864 shares of the construction company’s stock after buying an additional 65,294 shares during the quarter. Dorsey Wright & Associates’ holdings in Cemex were worth $2,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CX. WealthCollab LLC boosted its stake in shares of 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 buying an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after acquiring an additional 3,093 shares during the period. NFSG Corp lifted its stake in shares of Cemex by 123.5% during the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after buying an additional 1,579 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Cemex in the fourth quarter worth about $34,000. Finally, Militia Capital Partners LP bought 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 Down 1.0%

NYSE:CX opened at $12.97 on Friday. Cemex S.A.B. de C.V. has a 52 week low of $7.59 and a 52 week high of $13.67. The firm has a 50 day moving average of $12.63 and a 200 day moving average of $12.20. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 40.55 and a beta of 1.52.

Cemex (NYSE:CX) last released 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%. As a group, sell-side analysts anticipate that Cemex S.A.B. de C.V. will post 0.89 earnings per share for the current fiscal year.

Cemex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were given a dividend of $0.0312 per share. This is a boost from Cemex’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, June 17th. Cemex’s payout ratio is presently 37.50%.

Wall Street Analyst Weigh In

CX has been the subject of several research reports. Morgan Stanley raised 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. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Santander raised Cemex to an “outperform” rating in a research note on Thursday, June 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.75 price target on shares of Cemex in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cemex currently has an average rating of “Moderate Buy” and a consensus price target of $12.87.

Insider Activity

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

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.