Cemex S.A.B. de C.V. $CX Position Increased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 45.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,182 shares of the construction company’s stock after buying an additional 62,058 shares during the quarter. Diversify Wealth Management LLC’s holdings in Cemex were worth $2,412,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Summa Corp. bought a new stake in shares of Cemex during the 1st quarter worth $209,000. Personal CFO Solutions LLC grew its holdings in shares of Cemex by 7.7% in the 1st quarter. Personal CFO Solutions LLC now owns 28,244 shares of the construction company’s stock worth $323,000 after acquiring an additional 2,013 shares during the last quarter. R Squared Ltd raised its position in shares of Cemex by 11.5% during the first quarter. R Squared Ltd now owns 25,263 shares of the construction company’s stock worth $289,000 after purchasing an additional 2,602 shares during the period. AdvisorShares Investments LLC raised its position in shares of Cemex by 2.3% during the first quarter. AdvisorShares Investments LLC now owns 109,269 shares of the construction company’s stock worth $1,250,000 after purchasing an additional 2,493 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Cemex by 12.2% during the first quarter. V Square Quantitative Management LLC now owns 14,003 shares of the construction company’s stock worth $160,000 after purchasing an additional 1,527 shares during the period. Institutional investors own 82.97% of the company’s stock.

Cemex Stock Down 0.2%

Cemex stock opened at $12.46 on Tuesday. The firm has a market cap of $18.04 billion, a PE ratio of 38.92 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. The firm’s 50 day moving average price is $12.65 and its two-hundred day moving average price is $12.17. Cemex S.A.B. de C.V. has a twelve month low of $7.24 and a twelve month high of $13.67.

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

Cemex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were paid a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a dividend 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 currently 37.50%.

Insider Activity

In related 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 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 trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. 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. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a report on Monday, March 23rd. Scotiabank upped their price objective on shares of Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a research note on Friday, April 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.83.

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.