Caprock Group LLC Invests $150,000 in CEMEX, S.A.B. de C.V. (NYSE:CX)

Caprock Group LLC acquired a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,489 shares of the construction company’s stock, valued at approximately $150,000.

A number of other hedge funds have also bought and sold shares of the company. Capital International Investors grew its holdings in CEMEX by 0.5% during the 4th quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock worth $217,024,000 after acquiring an additional 152,587 shares during the period. Principal Financial Group Inc. grew its stake in CEMEX by 0.6% during the second quarter. Principal Financial Group Inc. now owns 19,983,888 shares of the construction company’s stock worth $127,697,000 after purchasing an additional 112,479 shares during the period. RWC Asset Advisors US LLC increased its holdings in CEMEX by 32.3% in the second quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock worth $99,398,000 after purchasing an additional 3,796,262 shares in the last quarter. Schroder Investment Management Group lifted its stake in CEMEX by 17.6% in the fourth quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock valued at $76,262,000 after buying an additional 1,471,407 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of CEMEX by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,577,635 shares of the construction company’s stock worth $68,274,000 after buying an additional 94,790 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

CEMEX Trading Up 0.9 %

NYSE:CX opened at $6.02 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. CEMEX, S.A.B. de C.V. has a one year low of $5.50 and a one year high of $9.27. The company has a market cap of $8.71 billion, a PE ratio of 42.93 and a beta of 1.48. The firm has a 50-day moving average of $6.28 and a 200-day moving average of $7.23.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The firm had revenue of $4.49 billion during the quarter. As a group, equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.84 EPS for the current fiscal year.

CEMEX Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.021 per share. This represents a yield of 0.7%. The ex-dividend date is Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is presently 14.29%.

Analysts Set New Price Targets

CX has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on shares of CEMEX in a research note on Wednesday, July 10th. They issued a “buy” rating and a $9.00 price objective for the company. Barclays raised shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target for the company in a research note on Wednesday, July 31st. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $8.00 target price on shares of CEMEX in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.70.

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.