CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lessened its position in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,708 shares of the construction company’s stock after selling 18,341 shares during the period. First Trust Direct Indexing L.P.’s holdings in CEMEX were worth $478,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Thompson Davis & CO. Inc. boosted its stake in CEMEX by 14.5% in the fourth quarter. Thompson Davis & CO. Inc. now owns 25,200 shares of the construction company’s stock valued at $195,000 after acquiring an additional 3,200 shares during the period. Headlands Technologies LLC lifted its stake in CEMEX by 1,301.3% in the fourth quarter. Headlands Technologies LLC now owns 11,631 shares of the construction company’s stock valued at $90,000 after buying an additional 10,801 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of CEMEX by 2.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 177,558 shares of the construction company’s stock worth $1,376,000 after acquiring an additional 3,512 shares during the last quarter. Wynn Capital LLC acquired a new stake in shares of CEMEX in the 4th quarter worth about $186,000. Finally, Moneda S.A. Administradora General de Fondos bought a new stake in CEMEX in the 4th quarter valued at about $8,232,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

CX has been the topic of a number of recent analyst reports. StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Bank of America cut CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their target price on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Barclays downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target on the stock. in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.53.

CEMEX Stock Performance

Shares of CX opened at $8.00 on Monday. CEMEX, S.A.B. de C.V. has a 12-month low of $5.67 and a 12-month high of $9.27. The stock has a market capitalization of $11.59 billion, a P/E ratio of 57.14, a P/E/G ratio of 0.16 and a beta of 1.50. The firm’s 50 day moving average is $8.32 and its 200-day moving average is $7.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.78 and a quick ratio of 0.51.

CEMEX (NYSE:CX) last released its quarterly earnings data on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. The business had revenue of $4.14 billion during the quarter. During the same period in the prior year, the business earned $0.15 earnings per share. Equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.88 EPS for the current fiscal year.

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.