Legal & General Group Plc Has $9.52 Million Stock Holdings in Cemex S.A.B. de C.V. $CX

Legal & General Group Plc grew its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 828,479 shares of the construction company’s stock after purchasing an additional 166,397 shares during the quarter. Legal & General Group Plc owned about 0.06% of Cemex worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CX. Ameriflex Group Inc. increased its position in Cemex by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock valued at $31,000 after buying an additional 1,744 shares in the last quarter. WealthCollab LLC increased its position in Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after buying an additional 1,580 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in Cemex in the 3rd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. increased its position in Cemex by 256.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after buying an additional 3,093 shares in the last quarter. Finally, Militia Capital Partners LP bought a new stake in Cemex during the 2nd quarter worth approximately $46,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CX has been the subject of a number of recent research reports. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.75 price objective on shares of Cemex in a report on Friday, April 24th. Barclays reissued an “overweight” rating on shares of Cemex in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price objective on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, HSBC lowered Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cemex presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

Insiders Place Their Bets

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction dated 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. The trade was a 3.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Cemex Stock Performance

CX stock opened at $12.97 on Friday. The firm has a market cap of $18.78 billion, a PE ratio of 40.52 and a beta of 1.51. 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 business has a 50 day moving average of $12.28 and a 200-day moving average of $11.88. Cemex S.A.B. de C.V. has a 12-month low of $6.63 and a 12-month high of $13.67.

Cemex (NYSE:CX) last announced 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%. As a group, sell-side analysts expect that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

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.