Allworth Financial LP Acquires 19,139 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Allworth Financial LP grew its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 289.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,745 shares of the construction company’s stock after buying an additional 19,139 shares during the period. Allworth Financial LP’s holdings in CEMEX were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CX. Barclays PLC grew its stake in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in shares of CEMEX by 3.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 75,949 shares of the construction company’s stock valued at $463,000 after purchasing an additional 2,654 shares during the last quarter. Private Advisor Group LLC raised its stake in CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock worth $164,000 after acquiring an additional 3,441 shares during the last quarter. Ballentine Partners LLC raised its stake in CEMEX by 14.5% in the 3rd quarter. Ballentine Partners LLC now owns 29,736 shares of the construction company’s stock worth $181,000 after acquiring an additional 3,777 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in CEMEX by 39.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company’s stock worth $92,000 after acquiring an additional 4,306 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CX shares. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Finally, Barclays decreased their target price on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock 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. Based on data from MarketBeat.com, CEMEX currently has a consensus rating of “Hold” and a consensus target price of $7.82.

CEMEX Stock Down 2.6 %

CX stock opened at $6.54 on Monday. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The firm’s 50 day moving average price is $5.92 and its 200-day moving average price is $5.91. The firm has a market cap of $9.47 billion, a PE ratio of 10.37 and a beta of 1.49.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

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

CEMEX Company Profile

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.