Hosking Partners LLP Has $55.05 Million Position in Cemex S.A.B. de C.V. $CX

Hosking Partners LLP lowered its position in Cemex S.A.B. de C.V. (NYSE:CX) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,791,452 shares of the construction company’s stock after selling 63,356 shares during the period. Cemex comprises 1.9% of Hosking Partners LLP’s investment portfolio, making the stock its 17th biggest position. Hosking Partners LLP’s holdings in Cemex were worth $55,054,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CX. Dodge & Cox grew its holdings in Cemex by 1.8% during the third quarter. Dodge & Cox now owns 96,734,370 shares of the construction company’s stock valued at $869,642,000 after purchasing an additional 1,710,535 shares during the last quarter. Orbis Allan Gray Ltd grew its holdings in Cemex by 90.2% during the second quarter. Orbis Allan Gray Ltd now owns 26,300,519 shares of the construction company’s stock valued at $182,263,000 after purchasing an additional 12,469,417 shares during the last quarter. Wellington Management Group LLP grew its holdings in Cemex by 451.7% during the third quarter. Wellington Management Group LLP now owns 16,897,356 shares of the construction company’s stock valued at $151,907,000 after purchasing an additional 13,834,438 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Cemex by 18.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,328,806 shares of the construction company’s stock valued at $141,658,000 after purchasing an additional 1,962,140 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Cemex by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 12,183,183 shares of the construction company’s stock valued at $109,530,000 after purchasing an additional 499,504 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Stock Up 0.1%

Shares of NYSE CX opened at $13.12 on Monday. The stock has a market cap of $19.00 billion, a PE ratio of 40.99 and a beta of 1.51. The business has a fifty day moving average of $11.56 and a two-hundred day moving average of $11.47. Cemex S.A.B. de C.V. has a 52-week low of $6.38 and a 52-week high of $13.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87.

Cemex (NYSE:CX) last announced its earnings results 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%. As a group, equities research analysts expect that Cemex S.A.B. de C.V. will post 0.92 earnings per share for the current fiscal year.

Cemex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 11th were given a $0.0225 dividend. The ex-dividend date 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 yield of 0.7%. Cemex’s dividend payout ratio is 28.13%.

Insider Buying and Selling

In related 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 value of $425,600.00. Following the completion of the sale, the insider directly owned 846,010 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CX shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.75 price target on shares of Cemex in a report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. Zacks Research downgraded Cemex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Wall Street Zen downgraded Cemex from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Morgan Stanley raised Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cemex currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.77.

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.