Banco BTG Pactual S.A. Invests $755,000 in Cemex S.A.B. de C.V. $CX

Banco BTG Pactual S.A. acquired a new position in Cemex S.A.B. de C.V. (NYSE:CX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 65,719 shares of the construction company’s stock, valued at approximately $755,000.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Cemex by 84.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,529,612 shares of the construction company’s stock worth $40,721,000 after acquiring an additional 2,080,341 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in Cemex during the 3rd quarter worth approximately $1,124,000. Allianz Asset Management GmbH purchased a new stake in Cemex during the 3rd quarter worth approximately $1,059,000. TT International Asset Management LTD purchased a new stake in Cemex during the 4th quarter worth approximately $2,781,000. Finally, Dorsey Wright & Associates purchased a new stake in Cemex during the 3rd quarter worth approximately $1,402,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Cemex Price Performance

Shares of CX opened at $12.69 on Friday. Cemex S.A.B. de C.V. has a twelve month low of $6.63 and a twelve month high of $13.67. The firm’s fifty day simple moving average is $12.40 and its 200-day simple moving average is $11.96. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 39.65 and a beta of 1.51. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35.

Cemex (NYSE:CX) last announced its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. Equities analysts forecast that Cemex S.A.B. de C.V. will post 0.91 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th will be issued a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is 28.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.75 target price on shares of Cemex in a research note on Friday, April 24th. Scotiabank upped their target price on shares of Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Barclays reaffirmed an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.77.

Insider Buying and Selling at Cemex

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the sale, the insider directly owned 846,010 shares in the company, valued at approximately $10,287,481.60. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Cemex Company 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.