Deprince Race & Zollo Inc. Sells 184,353 Shares of Cemex S.A.B. de C.V. $CX

Deprince Race & Zollo Inc. decreased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 19.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 759,338 shares of the construction company’s stock after selling 184,353 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.05% of Cemex worth $8,687,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in Cemex by 334.7% in the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after purchasing an additional 7,075 shares during the period. Goldman Sachs Group Inc. increased its position in Cemex by 58.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock worth $40,320,000 after buying an additional 2,661,030 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Cemex by 53.2% during the second quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock worth $397,000 after buying an additional 19,878 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cemex by 256.7% during the second 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. Finally, Invesco Ltd. boosted its position in shares of Cemex by 57.1% in the second quarter. Invesco Ltd. now owns 50,480 shares of the construction company’s stock valued at $350,000 after acquiring an additional 18,348 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Cemex

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 transaction of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares of the company’s stock, 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 is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CX. Santander raised shares of Cemex to an “outperform” rating in a research report on Thursday, June 11th. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a report on Monday, March 23rd. Barclays restated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.75 price target 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.77.

Cemex Stock Up 1.1%

Shares of NYSE CX opened at $12.27 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. Cemex S.A.B. de C.V. has a 52 week low of $7.12 and a 52 week high of $13.67. The stock has a market capitalization of $17.77 billion, a P/E ratio of 38.34 and a beta of 1.52. The stock’s fifty day moving average is $12.63 and its 200 day moving average is $12.13.

Cemex (NYSE:CX) last posted its quarterly earnings data 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%. Sell-side analysts forecast that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

Cemex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were given a $0.0312 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 17th. This is a boost from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio is presently 37.50%.

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.