CEMEX, S.A.B. de C.V. (NYSE:CX) Stock Holdings Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 32.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,550 shares of the construction company’s stock after purchasing an additional 3,558 shares during the period. Avantax Advisory Services Inc.’s holdings in CEMEX were worth $82,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares during the last quarter. Holistic Financial Partners lifted its position in shares of CEMEX by 25.0% in the fourth quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after buying an additional 2,787 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after acquiring an additional 3,062 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of CEMEX by 39.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company’s stock valued at $92,000 after acquiring an additional 4,306 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of CEMEX by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 34,210 shares of the construction company’s stock valued at $193,000 after acquiring an additional 4,474 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Price Performance

NYSE:CX opened at $6.04 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The stock has a market cap of $8.75 billion, a P/E ratio of 9.58 and a beta of 1.45. The company has a fifty day moving average price of $6.16 and a 200 day moving average price of $5.89. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27.

CEMEX (NYSE:CX) last released its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is presently 12.70%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CX shares. Morgan Stanley cut CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Finally, The Goldman Sachs Group raised their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, CEMEX has a consensus 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.