Segall Bryant & Hamill LLC Takes Position in Cemex S.A.B. de C.V. $CX

Segall Bryant & Hamill LLC purchased a new stake in Cemex S.A.B. de C.V. (NYSE:CX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,900 shares of the construction company’s stock, valued at approximately $583,000.

A number of other hedge funds also recently bought and sold shares of CX. Sequoia Financial Advisors LLC raised its stake in Cemex by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock valued at $143,000 after purchasing an additional 1,070 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Cemex by 5.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock valued at $218,000 after purchasing an additional 1,268 shares during the period. WealthCollab LLC boosted its holdings in Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after acquiring an additional 1,580 shares during the period. Aprio Wealth Management LLC boosted its position in shares of Cemex by 6.6% in the third quarter. Aprio Wealth Management LLC now owns 26,733 shares of the construction company’s stock valued at $240,000 after acquiring an additional 1,650 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Cemex by 10.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,115 shares of the construction company’s stock worth $154,000 after purchasing an additional 1,685 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Stock Performance

Shares of CX opened at $10.93 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market cap of $15.84 billion, a P/E ratio of 16.56, a PEG ratio of 0.76 and a beta of 1.60. Cemex S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $13.35. The firm’s 50 day moving average price is $12.35 and its two-hundred day moving average price is $10.76.

Cemex (NYSE:CX) last released its earnings results on Thursday, February 5th. The construction company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.38). The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. On average, analysts forecast that Cemex S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Wednesday, March 11th will be paid a $0.0225 dividend. This is an increase from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, March 11th. This represents a $0.09 annualized dividend and a yield of 0.8%. Cemex’s dividend payout ratio (DPR) is 13.64%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Cemex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Scotiabank lifted their price objective on Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Barclays reissued an “overweight” rating and issued a $15.00 price objective on shares of Cemex in a research note on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Finally, HSBC cut Cemex from a “buy” rating to a “hold” rating and set a $12.80 price target for the company. in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.04.

About Cemex

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.