Signaturefd LLC Has $272,000 Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

Signaturefd LLC lifted its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 26.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,589 shares of the construction company’s stock after buying an additional 9,412 shares during the period. Signaturefd LLC’s holdings in CEMEX were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CX. Vanguard Group Inc. boosted its position in CEMEX by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company’s stock valued at $33,858,000 after purchasing an additional 146,327 shares during the last quarter. Wellington Management Group LLP boosted its position in CEMEX by 76.4% during the fourth quarter. Wellington Management Group LLP now owns 444,262 shares of the construction company’s stock valued at $3,443,000 after purchasing an additional 192,399 shares during the last quarter. BNP Paribas Financial Markets boosted its position in CEMEX by 25.9% during the first quarter. BNP Paribas Financial Markets now owns 1,296,403 shares of the construction company’s stock valued at $11,681,000 after purchasing an additional 267,074 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in CEMEX during the second quarter valued at $776,000. Finally, Quadrature Capital Ltd acquired a new stake in CEMEX during the first quarter valued at $1,090,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

CX has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on CEMEX in a report on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. cut their target price on CEMEX from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Barclays upgraded CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price on the stock in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upgraded CEMEX from an “underperform” rating to a “sector perform” rating and cut their target price for the company from $9.00 to $6.50 in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.12.

CEMEX Trading Down 0.7 %

CEMEX stock opened at $5.98 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.65 and a current ratio of 0.90. The business’s 50-day simple moving average is $6.08 and its 200-day simple moving average is $6.72. The firm has a market capitalization of $8.66 billion, a PE ratio of 42.71 and a beta of 1.47. CEMEX, S.A.B. de C.V. has a 52 week low of $5.50 and a 52 week high of $9.27.

CEMEX (NYSE:CX) last released its earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The business had revenue of $4.49 billion for the quarter. Equities research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.79 earnings per share for the current year.

CEMEX Cuts Dividend

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