51,012 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in CEMEX, S.A.B. de C.V. (NYSE:CX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,012 shares of the construction company’s stock, valued at approximately $460,000.

A number of other large investors also recently bought and sold shares of the business. Ballentine Partners LLC grew its holdings in CEMEX by 6.9% in the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock worth $190,000 after purchasing an additional 1,358 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in CEMEX by 8.9% in the first quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock worth $158,000 after purchasing an additional 1,431 shares during the last quarter. Parallel Advisors LLC grew its holdings in CEMEX by 11.5% in the fourth quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock worth $109,000 after purchasing an additional 1,443 shares during the last quarter. CWM LLC grew its holdings in CEMEX by 75.0% in the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Claro Advisors LLC grew its holdings in CEMEX by 6.9% in the first quarter. Claro Advisors LLC now owns 30,842 shares of the construction company’s stock worth $278,000 after purchasing an additional 1,998 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of CEMEX from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada initiated coverage on shares of CEMEX in a report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price objective on the stock. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CEMEX has an average rating of “Moderate Buy” and a consensus price target of $9.39.

CEMEX Price Performance

NYSE:CX opened at $6.29 on Tuesday. CEMEX, S.A.B. de C.V. has a one year low of $5.67 and a one year high of $9.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.78. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 44.89 and a beta of 1.47. The firm’s fifty day moving average is $7.10 and its two-hundred day moving average is $7.77.

CEMEX (NYSE:CX) last posted its quarterly 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 net margin of 1.28% and a return on equity of 1.82%. The company had revenue of $4.14 billion for the quarter. During the same period in the previous year, the company posted $0.15 earnings per share. Research analysts expect that CEMEX, S.A.B. de C.V. will post 0.88 EPS for the current year.

CEMEX Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a $0.349 dividend. The ex-dividend date was 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.