Mitsubishi UFJ Trust & Banking Corp Grows Position in Cemex S.A.B. de C.V. $CX

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 84.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 195,439 shares of the construction company’s stock after purchasing an additional 89,465 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cemex were worth $1,757,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. WealthCollab LLC lifted its position in shares of Cemex by 73.7% during the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after buying an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Cemex by 256.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after purchasing an additional 3,093 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Cemex by 63.7% during the second quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock valued at $36,000 after purchasing an additional 2,027 shares in the last quarter. Militia Capital Partners LP bought a new position in shares of Cemex in the second quarter worth approximately $46,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Cemex by 334.7% in the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock worth $52,000 after purchasing an additional 7,075 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

NYSE:CX opened at $12.47 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.67. Cemex S.A.B. de C.V. has a 1 year low of $4.89 and a 1 year high of $13.35. The stock’s 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $10.05. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.87 and a beta of 1.59.

Cemex (NYSE:CX) last posted its earnings results on Tuesday, October 28th. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Cemex had a return on equity of 6.85% and a net margin of 8.62%.The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $226.73 million. As a group, equities analysts anticipate that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a dividend of $0.0224 per share. The ex-dividend date was Monday, December 15th. This represents a $0.09 annualized dividend and a yield of 0.7%. Cemex’s dividend payout ratio (DPR) is 9.68%.

Analyst Upgrades and Downgrades

CX has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Cemex from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Scotiabank downgraded Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price objective on the stock. in a research report on Tuesday, October 21st. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Barclays reissued an “overweight” rating and issued a $15.00 price target on shares of Cemex in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.52.

Cemex Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.