Savant Capital LLC Makes New Investment in Cemex S.A.B. de C.V. $CX

Savant Capital LLC bought a new position in Cemex S.A.B. de C.V. (NYSE:CX) in the 2nd quarter, Holdings Channel.com reports. The firm bought 15,513 shares of the construction company’s stock, valued at approximately $108,000.

Several other hedge funds have also modified their holdings of the stock. Yousif Capital Management LLC boosted its holdings in Cemex by 7.3% in the 2nd quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock worth $174,000 after acquiring an additional 1,710 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of Cemex by 2.4% during the second quarter. Legacy Wealth Asset Management LLC now owns 79,800 shares of the construction company’s stock valued at $553,000 after purchasing an additional 1,843 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Cemex by 63.7% during the second quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock worth $36,000 after purchasing an additional 2,027 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Cemex by 16.2% in the second quarter. Sequoia Financial Advisors LLC now owns 14,819 shares of the construction company’s stock valued at $103,000 after purchasing an additional 2,068 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Cemex by 2.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 73,555 shares of the construction company’s stock valued at $510,000 after purchasing an additional 2,103 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemex Stock Performance

Shares of CX stock opened at $10.06 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.91. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.17 and a beta of 1.56. Cemex S.A.B. de C.V. has a one year low of $4.89 and a one year high of $10.56. The company’s 50-day simple moving average is $9.62 and its 200-day simple moving average is $8.38.

Cemex (NYSE:CX) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. Cemex had a return on equity of 6.85% and a net margin of 8.62%.The firm had revenue of $230.56 million for the quarter, compared to analysts’ expectations of $226.73 million. Equities analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 17th were paid a dividend of $0.0224 per share. The ex-dividend date was Wednesday, September 17th. This represents a $0.09 annualized dividend and a yield of 0.9%. Cemex’s dividend payout ratio (DPR) is 9.68%.

Analysts Set New Price Targets

CX has been the topic of several analyst reports. Scotiabank downgraded shares of Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price target on the stock. in a research note on Tuesday, October 21st. Royal Bank Of Canada lifted their target price on Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised Cemex from a “neutral” rating to an “overweight” rating and increased their price target for the company from $8.10 to $10.50 in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.14.

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.