State of New Jersey Common Pension Fund D Acquires 364,503 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

State of New Jersey Common Pension Fund D lifted its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067,115 shares of the construction company’s stock after purchasing an additional 364,503 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CEMEX were worth $6,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of CEMEX during the 3rd quarter valued at about $190,346,000. JPMorgan Chase & Co. boosted its position in shares of CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after purchasing an additional 7,986,204 shares in the last quarter. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 2,549,852 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of CEMEX by 63.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 5,397,977 shares of the construction company’s stock valued at $32,927,000 after purchasing an additional 2,090,688 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in CEMEX during the 3rd quarter worth approximately $9,037,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Price Performance

Shares of NYSE CX opened at $6.73 on Wednesday. The stock has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $5.89. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 10.67 and a beta of 1.49. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.82% and a net margin of 5.70%. Analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.76 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s payout ratio is currently 9.52%.

Analyst Ratings Changes

A number of research firms recently weighed in on CX. Barclays dropped their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada upped their price target on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Scotiabank dropped their price target on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. downgraded 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CEMEX presently has a consensus rating of “Hold” and an average target price of $7.82.

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.