Banco BTG Pactual S.A. Invests $755,000 in Cemex S.A.B. de C.V. $CX

Banco BTG Pactual S.A. bought a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 65,719 shares of the construction company’s stock, valued at approximately $755,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wellington Management Group LLP boosted its position in Cemex by 451.7% during the third quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock worth $151,907,000 after acquiring an additional 13,834,438 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in Cemex by 90.2% during the second quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock worth $182,263,000 after acquiring an additional 12,469,417 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Cemex by 58.8% during the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after acquiring an additional 2,661,030 shares during the last quarter. Man Group plc boosted its position in Cemex by 247.9% during the second quarter. Man Group plc now owns 3,319,643 shares of the construction company’s stock worth $23,005,000 after acquiring an additional 2,365,418 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Cemex by 222.1% during the third quarter. Sei Investments Co. now owns 3,040,764 shares of the construction company’s stock worth $27,336,000 after acquiring an additional 2,096,711 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

NYSE:CX opened at $12.69 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 39.65 and a beta of 1.51. The company’s 50-day moving average is $12.40 and its two-hundred day moving average is $11.96. Cemex S.A.B. de C.V. has a 1-year low of $6.63 and a 1-year high of $13.67.

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

Cemex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be issued a $0.0312 dividend. This represents a $0.12 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is presently 28.13%.

Insiders Place Their Bets

In other 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 shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the transaction, the insider directly owned 846,010 shares in the company, valued at approximately $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CX. JPMorgan Chase & Co. boosted their price target on shares of Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 price target on shares of Cemex in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a research report on Tuesday, May 26th. Barclays restated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Finally, Santander upgraded shares of Cemex to an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Cemex 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.