Headlands Technologies LLC Purchases 15,205 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Headlands Technologies LLC increased its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 304.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,199 shares of the construction company’s stock after acquiring an additional 15,205 shares during the period. Headlands Technologies LLC’s holdings in CEMEX were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CX. CWM LLC boosted its position 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in CEMEX during the 2nd quarter worth approximately $33,000. KCM Investment Advisors LLC acquired a new position in CEMEX during the 1st quarter worth approximately $91,000. Fisher Asset Management LLC raised its stake in CEMEX by 3,180.2% during the 4th 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 during the period. Finally, Prudent Man Advisors LLC acquired a new position in CEMEX during the 4th quarter worth approximately $86,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Price Performance

Shares of NYSE CX opened at $6.01 on Monday. The stock has a fifty day simple moving average of $6.28 and a two-hundred day simple moving average of $7.21. CEMEX, S.A.B. de C.V. has a 1-year low of $5.50 and a 1-year high of $9.27. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 42.93 and a beta of 1.48. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The business had revenue of $4.49 billion during the quarter. Analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current year.

CEMEX Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th will be issued a $0.021 dividend. This represents a dividend yield of 0.7%. The ex-dividend date is Friday, September 13th. CEMEX’s payout ratio is currently 14.29%.

Wall Street Analysts Forecast Growth

CX has been the subject of several analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $8.00 price objective on shares of CEMEX in a research note on Wednesday, August 21st. Barclays raised CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price objective for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on CEMEX in a report on Wednesday, July 10th. They issued a “buy” rating and a $9.00 target price for the company. Finally, StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CEMEX currently has an average rating of “Moderate Buy” and an average price target of $8.70.

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.