CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lessened its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 21.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 70,938 shares of the construction company’s stock after selling 19,896 shares during the period. Legacy Wealth Asset Management LLC’s holdings in CEMEX were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CX. Sei Investments Co. lifted its stake in shares of CEMEX by 146.8% during the 3rd quarter. Sei Investments Co. now owns 3,010,503 shares of the construction company’s stock worth $19,568,000 after purchasing an additional 1,790,588 shares during the period. Principal Financial Group Inc. lifted its position in CEMEX by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock worth $161,462,000 after buying an additional 1,521,007 shares during the period. Schroder Investment Management Group lifted its position in CEMEX by 17.6% during the fourth quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock worth $76,262,000 after buying an additional 1,471,407 shares during the period. Robertson Stephens Wealth Management LLC purchased a new stake in CEMEX in the 4th quarter valued at about $11,261,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of CEMEX during the 3rd quarter worth about $8,883,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

CX has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their target price on CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada started coverage on CEMEX in a research report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CEMEX has an average rating of “Moderate Buy” and an average price target of $9.46.

CEMEX Trading Up 0.7 %

NYSE:CX opened at $6.18 on Friday. The business’s 50-day moving average is $7.18 and its two-hundred day moving average is $7.79. The firm has a market capitalization of $8.95 billion, a PE ratio of 44.14 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 12 month low of $5.67 and a 12 month high of $9.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.51.

CEMEX (NYSE:CX) last posted its earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $4.14 billion during the quarter. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. During the same quarter last year, the business posted $0.15 EPS. Research analysts predict that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a $0.349 dividend. The ex-dividend date of this dividend was Monday, June 17th. CEMEX’s dividend payout ratio (DPR) is presently 14.29%.

About CEMEX

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.