Hsbc Holdings PLC Invests $627,000 in Cemex S.A.B. de C.V. $CX

Hsbc Holdings PLC purchased a new stake in shares of Cemex S.A.B. de C.V. (NYSE:CX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 54,488 shares of the construction company’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CX. Sequoia Financial Advisors LLC raised its holdings in Cemex by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock worth $193,000 after acquiring an additional 913 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Cemex by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock worth $2,875,000 after purchasing an additional 1,221 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Cemex by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock worth $329,000 after purchasing an additional 1,288 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Cemex by 7.6% in the fourth quarter. Ieq Capital LLC now owns 19,598 shares of the construction company’s stock worth $225,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake 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 worth $387,000 after purchasing an additional 1,389 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the company’s stock in a transaction on 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 represents a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Cemex Price Performance

NYSE CX opened at $13.05 on Thursday. The company has a 50-day moving average price of $12.64 and a 200-day moving average price of $12.18. Cemex S.A.B. de C.V. has a 52 week low of $7.25 and a 52 week high of $13.67. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $18.91 billion, a P/E ratio of 40.80 and a beta of 1.52.

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

Cemex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were given a dividend of $0.0312 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s payout ratio is presently 37.50%.

Wall Street Analyst Weigh In

CX has been the topic of several recent analyst reports. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Morgan Stanley raised Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Monday, March 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 target price on shares of Cemex in a research note on Friday, April 24th. Scotiabank reiterated an “outperform” rating and issued a $14.50 price target on shares of Cemex in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.87.

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.