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

Activest Wealth Management purchased a new position in CEMEX, S.A.B. de C.V. (NYSE:CX) during the fourth quarter, Holdings Channel reports. The fund purchased 20,000 shares of the construction company’s stock, valued at approximately $113,000.

Several other institutional investors also recently added to or reduced their stakes in CX. Barclays PLC increased its position 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 buying an additional 1,843 shares during the last quarter. Allworth Financial LP increased its holdings in CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,747 shares during the last quarter. Aureus Asset Management LLC purchased a new stake in CEMEX in the 3rd quarter worth about $70,000. Vontobel Holding Ltd. bought a new stake in CEMEX in the 3rd quarter valued at about $77,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in CEMEX during the third quarter valued at about $87,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

NYSE CX opened at $6.71 on Monday. The company’s 50 day simple moving average is $5.73 and its two-hundred day simple moving average is $5.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The stock has a market capitalization of $9.72 billion, a PE ratio of 10.64 and a beta of 1.49.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that CEMEX, S.A.B. de C.V. will post 0.76 earnings per share for the current fiscal year.

CEMEX Announces Dividend

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

Wall Street Analyst Weigh In

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

CEMEX 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.