40,180 Shares in Cemex S.A.B. de C.V. $CX Acquired by Bristlecone Value Partners LLC

Bristlecone Value Partners LLC bought a new position in shares of Cemex S.A.B. de C.V. (NYSE:CX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 40,180 shares of the construction company’s stock, valued at approximately $462,000. Cemex accounts for approximately 0.5% of Bristlecone Value Partners LLC’s holdings, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthCollab LLC lifted 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. Northwestern Mutual Wealth Management Co. lifted 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. Ameriflex Group Inc. lifted 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. Kestra Advisory Services LLC bought a new position in shares of Cemex during the 4th quarter worth approximately $34,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of Cemex during the 3rd quarter worth approximately $36,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.75 price target on shares of Cemex in a report on Friday, April 24th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Santander raised Cemex to an “outperform” rating in a report on Thursday. Scotiabank raised their price target on Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. raised their price target on Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cemex presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.77.

Insider Activity at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction 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 completion of the sale, the insider directly owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Cemex Trading Up 2.0%

CX stock opened at $12.96 on Friday. The business has a fifty day moving average price of $12.43 and a 200 day moving average price of $11.96. Cemex S.A.B. de C.V. has a fifty-two week low of $6.63 and a fifty-two week high of $13.67. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 40.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63.

Cemex (NYSE:CX) last released its quarterly earnings results 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 expect 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 announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be paid a $0.0312 dividend. This is an increase from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. Cemex’s payout ratio is 37.50%.

About Cemex

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.