Mitsubishi UFJ Trust & Banking Corp Acquires 67,958 Shares of Cemex S.A.B. de C.V. $CX

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Cemex S.A.B. de C.V. (NYSE:CX) by 34.8% during the fourth quarter, Holdings Channel reports. The fund owned 263,397 shares of the construction company’s stock after purchasing an additional 67,958 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cemex were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CX. Jones Financial Companies Lllp raised its stake in Cemex by 334.7% in the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after acquiring an additional 7,075 shares during the period. Goldman Sachs Group Inc. raised its stake in Cemex by 58.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock valued at $40,320,000 after acquiring an additional 2,661,030 shares during the period. Cetera Investment Advisers raised its stake in Cemex by 53.2% in the 2nd quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock valued at $397,000 after acquiring an additional 19,878 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 3,093 shares during the period. Finally, Invesco Ltd. raised its stake in Cemex by 57.1% in the 2nd quarter. Invesco Ltd. now owns 50,480 shares of the construction company’s stock valued at $350,000 after acquiring an additional 18,348 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Cemex

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on CX. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Monday, March 23rd. JPMorgan Chase & Co. increased their price objective on Cemex from $14.00 to $14.50 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.75 price objective on shares of Cemex in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a research report on Wednesday, January 21st. Finally, Barclays reiterated an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Cemex currently has an average rating of “Moderate Buy” and a consensus target price of $12.77.

Cemex Stock Performance

NYSE:CX opened at $12.26 on Monday. The stock’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $11.39. The firm has a market capitalization of $17.76 billion, a PE ratio of 38.31 and a beta of 1.51. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Cemex S.A.B. de C.V. has a twelve month low of $5.94 and a twelve month high of $13.35.

Cemex (NYSE:CX) last released its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. On average, analysts anticipate that Cemex S.A.B. de C.V. will post 0.92 EPS for the current fiscal year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.0225 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Cemex’s payout ratio is 28.13%.

Cemex 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.