Activest Wealth Management Invests $113,000 in CEMEX, S.A.B. de C.V. (NYSE:CX)

Activest Wealth Management acquired a new position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the construction company’s stock, valued at approximately $113,000.

Several other large investors also recently modified their holdings of CX. Barclays PLC grew its holdings in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares during the period. Allworth Financial LP boosted its position in shares of CEMEX by 36.0% during the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares in the last quarter. Aureus Asset Management LLC acquired a new stake in CEMEX during the third quarter worth approximately $70,000. Vontobel Holding Ltd. bought a new stake in CEMEX in the third quarter worth approximately $77,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in CEMEX in the third quarter valued at approximately $87,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Down 1.1 %

Shares of NYSE CX opened at $6.71 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The company has a 50-day moving average price of $5.73 and a 200-day moving average price of $5.88. The stock has a market capitalization of $9.72 billion, a P/E ratio of 10.64 and a beta of 1.49. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27.

CEMEX (NYSE:CX) last released its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.82% and a net margin of 5.70%. On average, equities research analysts forecast that CEMEX, S.A.B. de C.V. will post 0.76 EPS for the current fiscal year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CX shares. Scotiabank reduced their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. Barclays reduced their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada lowered shares of CEMEX from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $6.00 to $5.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.65.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.