CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 30.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,406 shares of the construction company’s stock after buying an additional 23,388 shares during the quarter. Stifel Financial Corp’s holdings in CEMEX were worth $612,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Aureus Asset Management LLC acquired a new stake in shares of CEMEX during the third quarter worth $70,000. Rockefeller Capital Management L.P. boosted its stake in CEMEX by 12.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 555,959 shares of the construction company’s stock worth $3,391,000 after buying an additional 63,274 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in CEMEX by 12.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 192,392 shares of the construction company’s stock worth $1,174,000 after buying an additional 21,503 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in CEMEX in the 3rd quarter valued at about $190,346,000. Finally, BNP Paribas Financial Markets increased its stake in shares of CEMEX by 166.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock valued at $24,873,000 after acquiring an additional 2,549,852 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CX. Royal Bank of Canada cut shares of CEMEX from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th. Scotiabank decreased their price target on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a report on Tuesday, October 29th. Barclays cut their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $6.00 in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CEMEX presently has a consensus rating of “Hold” and a consensus target price of $7.65.

CEMEX Stock Up 1.8 %

Shares of CEMEX stock opened at $5.66 on Thursday. CEMEX, S.A.B. de C.V. has a twelve month low of $5.00 and a twelve month high of $9.27. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 18.87 and a beta of 1.50. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $5.61 and a 200 day moving average price of $6.04.

CEMEX Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX’s payout ratio is 20.00%.

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.