NBC Securities Inc. Sells 6,087 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

NBC Securities Inc. cut its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 20.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,990 shares of the construction company’s stock after selling 6,087 shares during the quarter. NBC Securities Inc.’s holdings in CEMEX were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC raised its stake in shares of CEMEX by 75.0% during the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after purchasing an additional 1,506 shares during the period. PNC Financial Services Group Inc. grew its position in CEMEX by 54.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,124 shares of the construction company’s stock worth $102,000 after buying an additional 4,623 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in CEMEX by 75.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 959,000 shares of the construction company’s stock worth $7,432,000 after buying an additional 411,400 shares in the last quarter. Fisher Asset Management LLC grew its position in CEMEX by 3,180.2% during the fourth quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock worth $85,000 after buying an additional 10,590 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in CEMEX by 76.4% during the fourth quarter. Wellington Management Group LLP now owns 444,262 shares of the construction company’s stock worth $3,443,000 after buying an additional 192,399 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CX. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. The Goldman Sachs Group increased their target price on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada began coverage on CEMEX in a research report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price target for the company. Finally, Bank of America lowered CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.46.

CEMEX Stock Performance

CEMEX stock opened at $6.29 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.11 billion, a P/E ratio of 44.93 and a beta of 1.47. The stock’s 50 day moving average is $7.52 and its 200 day moving average is $7.86. CEMEX, S.A.B. de C.V. has a twelve month low of $5.67 and a twelve month high of $9.27.

CEMEX (NYSE:CX) last issued its earnings results on Monday, April 29th. The construction company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. The business had revenue of $4.14 billion for the quarter. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts predict that CEMEX, S.A.B. de C.V. will post 0.87 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be paid a $0.349 dividend. The ex-dividend date of this dividend is Monday, June 17th. CEMEX’s dividend payout ratio (DPR) is currently 14.29%.

About CEMEX

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.