Generali Investments CEE investicni spolecnost a.s. Sells 70,794 Shares of Cemex S.A.B. de C.V. $CX

Generali Investments CEE investicni spolecnost a.s. trimmed its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 44.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,394 shares of the construction company’s stock after selling 70,794 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Cemex were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in shares of Cemex by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock worth $143,000 after acquiring an additional 1,070 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Cemex by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock worth $2,875,000 after acquiring an additional 1,221 shares during the period. Vanguard Personalized Indexing Management LLC grew 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 in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Cemex by 3.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock valued at $387,000 after purchasing an additional 1,389 shares in the last quarter. Finally, WealthCollab LLC raised its stake 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 purchasing an additional 1,580 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CX. Morgan Stanley raised Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a report on Monday, March 23rd. Scotiabank upgraded Cemex from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $13.50 to $13.90 in a research report on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Zacks Research lowered shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, HSBC cut shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective for the company. in a research note on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cemex presently has an average rating of “Hold” and an average target price of $11.38.

Cemex Stock Down 2.1%

Shares of NYSE CX opened at $10.74 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $11.93 and a 200-day moving average of $10.94. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 16.27 and a beta of 1.60. Cemex S.A.B. de C.V. has a 12 month low of $4.89 and a 12 month high of $13.35.

Cemex (NYSE:CX) last announced its earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). Cemex had a net margin of 5.93% and a return on equity of 2.85%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Sell-side analysts expect that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.0225 per share. This is an increase from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, March 11th. This represents a $0.09 annualized dividend and a dividend yield of 0.8%. Cemex’s dividend payout ratio is 13.64%.

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.