Natixis Advisors LLC Boosts Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Natixis Advisors LLC raised its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 15.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 315,687 shares of the construction company’s stock after acquiring an additional 42,056 shares during the quarter. Natixis Advisors LLC’s holdings in CEMEX were worth $1,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of CEMEX in the 2nd quarter worth $33,000. Allworth Financial LP grew its holdings in CEMEX by 36.0% during the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the period. Vontobel Holding Ltd. purchased a new stake in CEMEX in the third quarter worth about $77,000. Thoroughbred Financial Services LLC bought a new position in shares of CEMEX in the second quarter worth about $81,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of CEMEX during the 3rd quarter valued at about $87,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Stock Up 4.7 %

Shares of CX stock opened at $5.76 on Tuesday. The company’s fifty day simple moving average is $5.83 and its two-hundred day simple moving average is $6.33. CEMEX, S.A.B. de C.V. has a 52 week low of $5.00 and a 52 week high of $9.27. The stock has a market cap of $8.35 billion, a P/E ratio of 19.17 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a $0.021 dividend. This represents a yield of 0.7%. The ex-dividend date was Friday, September 13th. CEMEX’s dividend payout ratio is presently 13.33%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CX shares. Royal Bank of Canada reduced their target price on shares of CEMEX from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded shares of CEMEX from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank dropped their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a report on Tuesday, October 29th. Barclays decreased their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.82.

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.