Hsbc Holdings PLC Acquires New Position in Cemex S.A.B. de C.V. $CX

Hsbc Holdings PLC bought a new position in Cemex S.A.B. de C.V. (NYSE:CX) in the 4th quarter, Holdings Channel reports. The fund bought 54,488 shares of the construction company’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Cemex during the fourth quarter valued at approximately $34,000. WealthCollab LLC increased its stake in shares of Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after purchasing an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 in the last quarter. Militia Capital Partners LP bought a new stake in shares of Cemex during the 2nd quarter valued at $46,000. Finally, Inspire Investing LLC bought a new stake in shares of Cemex during the 4th quarter valued at $103,000. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total value of $425,600.00. Following the sale, the insider owned 846,010 shares of the company’s stock, valued at $10,287,481.60. The trade was a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Cemex Stock Up 2.0%

Shares of CX stock opened at $13.05 on Thursday. The stock has a market cap of $18.91 billion, a P/E ratio of 40.80 and a beta of 1.52. Cemex S.A.B. de C.V. has a 52 week low of $7.25 and a 52 week high of $13.67. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $12.18.

Cemex (NYSE:CX) last issued its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Analysts predict that Cemex S.A.B. de C.V. will post 0.91 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.0312 per share. The ex-dividend date was Wednesday, June 17th. This represents a $0.12 annualized dividend and a yield of 1.0%. This is a boost from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is 37.50%.

Analyst Upgrades and Downgrades

CX has been the subject of several recent analyst reports. Santander raised shares of Cemex to an “outperform” rating in a report on Thursday, June 11th. Scotiabank reissued an “outperform” rating and set a $14.50 price target on shares of Cemex in a report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.75 price objective on shares of Cemex in a research report on Friday, April 24th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.87.

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.