CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,541,787 shares of the construction company’s stock after acquiring an additional 72,724 shares during the quarter. American Century Companies Inc. owned 0.24% of CEMEX worth $19,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after purchasing an additional 3,062 shares in the last quarter. Barclays PLC lifted its position in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares in the last quarter. Aureus Asset Management LLC acquired a new position in CEMEX during the 3rd quarter worth approximately $70,000. Envestnet Portfolio Solutions Inc. boosted its holdings in CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock worth $73,000 after acquiring an additional 2,720 shares during the period. Finally, Banco Santander S.A. acquired a new stake in CEMEX in the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Stock Down 5.9 %

NYSE:CX opened at $5.67 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 8.99 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The stock has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $5.89.

CEMEX (NYSE:CX) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is 12.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CX. Royal Bank of Canada upped their target price on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Morgan Stanley downgraded CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.