South Dakota Investment Council Has $5.28 Million Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

South Dakota Investment Council increased its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 43,530.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 936,319 shares of the construction company’s stock after purchasing an additional 934,173 shares during the quarter. South Dakota Investment Council owned approximately 0.06% of CEMEX worth $5,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D increased its position in CEMEX by 51.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,067,115 shares of the construction company’s stock valued at $6,019,000 after acquiring an additional 364,503 shares during the period. Allworth Financial LP increased its position in CEMEX by 289.7% in the 4th quarter. Allworth Financial LP now owns 25,745 shares of the construction company’s stock valued at $144,000 after acquiring an additional 19,139 shares during the period. Vontobel Holding Ltd. increased its position in CEMEX by 50.0% in the 4th quarter. Vontobel Holding Ltd. now owns 19,032 shares of the construction company’s stock valued at $107,000 after acquiring an additional 6,344 shares during the period. Activest Wealth Management acquired a new position in CEMEX in the 4th quarter valued at approximately $113,000. Finally, Choreo LLC acquired a new position in CEMEX in the 4th quarter valued at approximately $268,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Down 2.6 %

Shares of NYSE CX opened at $6.54 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.47 billion, a PE ratio of 10.37 and a beta of 1.49. The company’s fifty day simple moving average is $5.92 and its 200 day simple moving average is $5.91. 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 posted its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on CX shares. JPMorgan Chase & Co. cut shares of CEMEX from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank decreased their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price objective 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, Barclays decreased their price objective on shares of CEMEX from $9.00 to $8.00 and set an “overweight” 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 issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.82.

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.