Crossmark Global Holdings Inc. Acquires 4,543 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Crossmark Global Holdings Inc. lifted its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,511 shares of the construction company’s stock after acquiring an additional 4,543 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CEMEX were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,747 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in CEMEX by 3.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock worth $463,000 after buying an additional 2,654 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in CEMEX by 2.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 132,972 shares of the construction company’s stock worth $1,198,000 after buying an additional 3,200 shares during the period. 1832 Asset Management L.P. boosted its position in CEMEX by 13.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 26,200 shares of the construction company’s stock valued at $167,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of CEMEX by 14.7% during the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock worth $164,000 after acquiring an additional 3,441 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Trading Up 0.2 %

Shares of NYSE CX opened at $5.33 on Friday. The firm’s 50 day moving average price is $5.87 and its 200-day moving average price is $6.46. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. The company has a market cap of $7.72 billion, a PE ratio of 17.77 and a beta of 1.49.

CEMEX Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a $0.021 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 0.7%. CEMEX’s dividend payout ratio (DPR) is presently 13.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CX shares. JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Barclays dropped their target price on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Scotiabank decreased their price target on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. StockNews.com lowered shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada decreased their target price on shares of CEMEX from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.