State of New Jersey Common Pension Fund D Has $3.13 Million Stock Holdings in Cemex S.A.B. de C.V. $CX

State of New Jersey Common Pension Fund D lowered its position in shares of Cemex S.A.B. de C.V. (NYSE:CX) by 22.2% in the third quarter, Holdings Channel reports. The institutional investor owned 347,844 shares of the construction company’s stock after selling 99,011 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cemex were worth $3,127,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. WealthCollab LLC grew its stake in shares of Cemex by 73.7% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Cemex by 256.7% in the 2nd 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 during the period. Militia Capital Partners LP bought a new stake in Cemex in the 2nd quarter valued at about $46,000. Jones Financial Companies Lllp grew its position in shares of Cemex by 334.7% during the 1st 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. Finally, Atria Investments Inc acquired a new position in shares of Cemex during the 2nd quarter worth approximately $79,000. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Cemex from $7.00 to $8.25 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Zacks Research downgraded Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. HSBC lowered Cemex from a “buy” rating to a “hold” rating and set a $12.80 target price on the stock. in a report on Friday, February 6th. Finally, Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.04.

Cemex Trading Up 2.1%

Shares of CX opened at $12.90 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. Cemex S.A.B. de C.V. has a 52-week low of $4.89 and a 52-week high of $13.35. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 0.85 and a beta of 1.61. The business’s fifty day moving average is $12.27 and its 200-day moving average is $10.52.

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

Cemex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were paid a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, December 15th. Cemex’s dividend payout ratio (DPR) is presently 13.64%.

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.