XTX Topco Ltd Invests $1.18 Million in Cemex S.A.B. de C.V. $CX

XTX Topco Ltd acquired a new stake in Cemex S.A.B. de C.V. (NYSE:CX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 170,872 shares of the construction company’s stock, valued at approximately $1,184,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Cemex by 9.7% during the second quarter. American Century Companies Inc. now owns 3,998,871 shares of the construction company’s stock valued at $27,712,000 after purchasing an additional 352,912 shares during the last quarter. Black Creek Investment Management Inc. bought a new stake in shares of Cemex during the 2nd quarter worth $110,000. Letko Brosseau & Associates Inc. boosted its holdings in shares of Cemex by 0.4% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 3,730,300 shares of the construction company’s stock worth $25,851,000 after buying an additional 15,900 shares during the period. Rockefeller Capital Management L.P. grew its stake in Cemex by 0.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 620,474 shares of the construction company’s stock valued at $4,300,000 after buying an additional 2,657 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Cemex by 53.2% in the second quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock worth $397,000 after purchasing an additional 19,878 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CX has been the topic of a number of research analyst reports. Barclays raised their target price on Cemex from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada raised their price objective on shares of Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group boosted their target price on shares of Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Scotiabank downgraded shares of Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price target for the company. in a report on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.14.

Cemex Stock Up 0.9%

Shares of CX stock opened at $10.67 on Friday. The stock has a market cap of $15.45 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.61. The stock has a fifty day moving average price of $9.73 and a 200 day moving average price of $8.53. Cemex S.A.B. de C.V. has a one year low of $4.89 and a one year high of $10.84.

Cemex (NYSE:CX) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Cemex had a net margin of 8.62% and a return on equity of 6.85%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $226.73 million. Analysts predict that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders 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 dividend on an annualized basis and a yield of 0.8%. Cemex’s dividend payout ratio (DPR) is currently 9.68%.

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.