13,055 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by First Trust Advisors LP

First Trust Advisors LP acquired a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 13,055 shares of the construction company’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dodge & Cox lifted its stake in CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock valued at $279,868,000 after acquiring an additional 48,942,309 shares during the last quarter. Schroder Investment Management Group grew its holdings in CEMEX by 745.6% during the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock valued at $150,809,000 after purchasing an additional 23,576,914 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of CEMEX in the fourth quarter valued at approximately $86,056,000. Brandes Investment Partners LP lifted its stake in shares of CEMEX by 33.7% in the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock worth $136,679,000 after buying an additional 6,110,857 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of CEMEX by 1,505.0% during the 4th quarter. Marshall Wace LLP now owns 2,539,938 shares of the construction company’s stock worth $14,325,000 after buying an additional 2,381,687 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CX. JPMorgan Chase & Co. boosted their target price on shares of CEMEX from $6.00 to $6.80 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. Bradesco Corretora set a $7.50 target price on CEMEX and gave the company a “neutral” rating in a research note on Tuesday, April 15th. The Goldman Sachs Group raised their target price on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded CEMEX from a “hold” rating to a “buy” rating in a report on Saturday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CEMEX currently has a consensus rating of “Hold” and an average price target of $7.58.

CEMEX Stock Down 0.9%

CX stock opened at $6.40 on Monday. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.10. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.27 billion, a PE ratio of 10.16 and a beta of 1.41. The business’s 50-day simple moving average is $5.79 and its 200 day simple moving average is $5.80.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The company had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX’s dividend payout ratio is currently 8.33%.

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.