CEMEX, S.A.B. de C.V. (NYSE:CX) Position Raised by IPG Investment Advisors LLC

IPG Investment Advisors LLC raised its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 141.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,525,493 shares of the construction company’s stock after acquiring an additional 2,065,469 shares during the period. CEMEX makes up about 4.5% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 6th largest position. IPG Investment Advisors LLC’s holdings in CEMEX were worth $19,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CX. IFP Advisors Inc raised its position in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after buying an additional 3,062 shares in the last quarter. Barclays PLC lifted its stake in CEMEX by 41.8% during 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 during the last quarter. Aureus Asset Management LLC purchased a new position in shares of CEMEX in the 3rd quarter worth about $70,000. Envestnet Portfolio Solutions Inc. increased its position in shares of CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Banco Santander S.A. purchased a new position in shares of CEMEX during the 4th quarter valued at about $78,000. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CX shares. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.82.

CEMEX Price Performance

CX stock opened at $5.67 on Friday. The firm’s 50-day moving average price is $6.17 and its two-hundred day moving average price is $5.89. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 8.99 and a beta of 1.45. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. CEMEX, S.A.B. de C.V. has a 12-month low of $5.00 and a 12-month high of $9.27.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping 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%. As a group, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX’s payout ratio is 12.70%.

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.