Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 43,541 Shares of Cemex S.A.B. de C.V. $CX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Cemex S.A.B. de C.V. (NYSE:CX) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 608,966 shares of the construction company’s stock after selling 43,541 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cemex were worth $6,967,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Cemex during the fourth quarter valued at approximately $34,000. WealthCollab LLC increased its position in shares of Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after purchasing an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $30,000 after purchasing an additional 3,093 shares during the last quarter. Militia Capital Partners LP purchased a new stake in shares of Cemex during the 2nd quarter valued at $46,000. Finally, Inspire Investing LLC acquired a new stake in shares of Cemex in the 4th quarter worth $103,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CX has been the subject of a number of research analyst reports. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Cemex in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Santander upgraded shares of Cemex to an “outperform” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.75 target price on shares of Cemex in a research report on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Cemex currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.87.

Cemex Price Performance

NYSE:CX opened at $12.80 on Wednesday. The stock has a market capitalization of $18.55 billion, a PE ratio of 40.02 and a beta of 1.52. The stock’s 50-day moving average price is $12.65 and its 200-day moving average price is $12.18. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Cemex S.A.B. de C.V. has a 52 week low of $7.24 and a 52 week high of $13.67.

Cemex (NYSE:CX) last posted its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. As a group, equities analysts expect that Cemex S.A.B. de C.V. will post 0.91 EPS for the current fiscal year.

Cemex Increases Dividend

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

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’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 transaction, the insider directly owned 846,010 shares in the company, valued at $10,287,481.60. The trade was a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Cemex Company 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.