Hosking Partners LLP Has $43.65 Million Holdings in Cemex S.A.B. de C.V. $CX

Hosking Partners LLP lowered its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 2.3% during the third quarter, HoldingsChannel reports. The fund owned 4,854,808 shares of the construction company’s stock after selling 115,599 shares during the quarter. Cemex comprises about 1.6% of Hosking Partners LLP’s portfolio, making the stock its 19th largest holding. Hosking Partners LLP’s holdings in Cemex were worth $43,645,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CX. WealthCollab LLC raised its position in Cemex by 73.7% during the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after purchasing an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Cemex by 256.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after purchasing an additional 3,093 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Cemex by 63.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock valued at $36,000 after purchasing an additional 2,027 shares during the period. Militia Capital Partners LP purchased a new position in shares of Cemex in the 2nd quarter worth about $46,000. Finally, Jones Financial Companies Lllp grew its position in Cemex by 334.7% during the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after buying an additional 7,075 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Cemex Trading Down 3.1%

Shares of Cemex stock opened at $11.56 on Thursday. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.50 and a beta of 1.59. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $12.03. The business has a 50-day moving average price of $10.91 and a 200-day moving average price of $9.42. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.

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

Cemex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were issued a $0.0224 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. Cemex’s payout ratio is presently 9.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CX. The Goldman Sachs Group raised their price target on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Barclays lifted their price objective on Cemex from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Scotiabank cut 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 research note on Tuesday, October 21st. Royal Bank Of Canada raised their price objective on shares of Cemex from $7.00 to $8.25 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.14.

Cemex Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.