NBC Securities Inc. Buys 7,442 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

NBC Securities Inc. grew its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,202 shares of the construction company’s stock after buying an additional 7,442 shares during the quarter. NBC Securities Inc.’s holdings in CEMEX were worth $287,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC grew its stake in shares of CEMEX by 75.0% during the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after acquiring an additional 1,506 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of CEMEX in the second quarter worth approximately $33,000. KCM Investment Advisors LLC purchased a new stake in shares of CEMEX in the first quarter worth $91,000. Fisher Asset Management LLC increased its stake in shares of CEMEX by 3,180.2% in the fourth 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, Hennion & Walsh Asset Management Inc. purchased a new position in shares of CEMEX during the 1st quarter valued at $102,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays upgraded 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. The Goldman Sachs Group started coverage on CEMEX in a research report on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price for the company. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Royal Bank of Canada upgraded shares of CEMEX from an “underperform” rating to a “sector perform” rating and reduced their price objective for the company from $9.00 to $6.50 in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CEMEX from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.12.

CEMEX Stock Performance

NYSE:CX opened at $5.97 on Friday. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 42.64 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 1 year low of $5.50 and a 1 year high of $9.27. The stock’s 50 day simple moving average is $6.14 and its two-hundred day simple moving average is $6.84. 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 (NYSE:CX) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. The company had revenue of $4.49 billion for the quarter. As a group, equities analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.79 earnings per share for the current fiscal year.

CEMEX Cuts Dividend

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

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.