Dimensional Fund Advisors LP Sells 51,946 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Dimensional Fund Advisors LP reduced its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,400,145 shares of the construction company’s stock after selling 51,946 shares during the quarter. Dimensional Fund Advisors LP owned about 0.72% of CEMEX worth $66,456,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its position 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. Ashton Thomas Private Wealth LLC bought a new position in CEMEX in the 2nd quarter worth about $33,000. KCM Investment Advisors LLC purchased a new position in shares of CEMEX in the 1st quarter worth about $91,000. Fisher Asset Management LLC boosted its holdings in shares of CEMEX by 3,180.2% in the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock worth $85,000 after purchasing an additional 10,590 shares in the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in CEMEX during the 4th quarter valued at about $86,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Price Performance

NYSE:CX opened at $6.22 on Friday. 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 capitalization of $9.00 billion, a price-to-earnings ratio of 44.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. The business has a 50 day simple moving average of $6.23 and a 200-day simple moving average of $7.11.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $4.49 billion during the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. Equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.82 EPS for the current year.

CEMEX Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were given a dividend of $0.021 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. CEMEX’s payout ratio is 28.57%.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. The Goldman Sachs Group began coverage on CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a $8.00 price target on shares of CEMEX in a research note on Wednesday, August 21st. Finally, Barclays upgraded CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently 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.