Corient Private Wealth LLC Decreases Position in Cemex S.A.B. de C.V. $CX

Corient Private Wealth LLC cut its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 69.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,260 shares of the construction company’s stock after selling 136,355 shares during the quarter. Corient Private Wealth LLC’s holdings in Cemex were worth $681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WealthCollab LLC grew its holdings in Cemex by 73.7% during the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after purchasing an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cemex by 256.7% in 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 in the last quarter. Ameriflex Group Inc. increased its holdings in shares of Cemex by 100.0% in the third 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. Kestra Advisory Services LLC acquired a new stake in shares of Cemex during the fourth quarter valued at approximately $34,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in Cemex during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Price Performance

Shares of NYSE CX opened at $12.27 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 business has a 50-day moving average of $12.64 and a 200-day moving average of $12.13. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 38.34 and a beta of 1.52. Cemex S.A.B. de C.V. has a fifty-two week low of $7.12 and a fifty-two week high of $13.67.

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

Cemex Increases Dividend

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

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 value of $425,600.00. Following the sale, the insider owned 846,010 shares in the company, valued at $10,287,481.60. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CX has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. JPMorgan Chase & Co. increased their price objective on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Santander upgraded shares of Cemex to an “outperform” rating in a research note on Thursday, June 11th. Finally, Barclays reissued an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Cemex has an average rating of “Moderate Buy” and a consensus target price of $12.77.

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.