Strs Ohio Has $45.42 Million Position in Cemex S.A.B. de C.V. $CX

Strs Ohio reduced its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,953,311 shares of the construction company’s stock after selling 331,477 shares during the quarter. Strs Ohio owned about 0.27% of Cemex worth $45,424,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. grew its position in shares of Cemex by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock worth $31,000 after buying an additional 1,744 shares during the period. WealthCollab LLC grew its position in shares of 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 buying an additional 1,580 shares during the period. Reyes Financial Architecture Inc. acquired a new position in shares of Cemex during the 3rd quarter worth about $36,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after buying an additional 3,093 shares during the period. Finally, Militia Capital Partners LP acquired a new position in shares of Cemex during the 2nd quarter worth about $46,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Cemex Price Performance

Shares of CX opened at $12.26 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. The stock has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $11.37. Cemex S.A.B. de C.V. has a 52-week low of $5.94 and a 52-week high of $13.35. The firm has a market capitalization of $17.76 billion, a PE ratio of 38.31 and a beta of 1.60.

Cemex (NYSE:CX) last issued its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. Sell-side analysts predict that Cemex S.A.B. de C.V. will post 0.92 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.0225 per share. This is an increase from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. Cemex’s payout ratio is currently 28.13%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CX shares. Zacks Research lowered Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Monday, March 23rd. HSBC lowered Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a research report on Friday, February 6th. Barclays reiterated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded Cemex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.77.

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.