Key Points
- Insider sale: Cemex insider Herrera Jesus Vicente Gonzalez sold 35,000 shares on April 28 at an average price of $12.16 for $425,600, trimming his position by 3.97% to 846,010 shares.
- Dividend raised: Cemex increased its quarterly dividend to $0.0225 (annualized $0.09), implying a ~0.7% yield and a payout ratio near 28%.
- Market view: Shares trade around $12 (1‑year range $5.88–$13.35) and analysts’ consensus is a "Moderate Buy" with a $12.77 average target amid mixed ratings.
Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the transaction, the insider owned 846,010 shares of the company's stock, valued at $10,287,481.60. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Cemex Stock Up 0.3%
Shares of NYSE:CX opened at $12.17 on Thursday. Cemex S.A.B. de C.V. has a 1 year low of $5.88 and a 1 year high of $13.35. The business has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $11.36. The firm has a market capitalization of $17.62 billion, a PE ratio of 38.02 and a beta of 1.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63.
Cemex (NYSE:CX - Get Free Report) last announced its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. On average, equities analysts predict that Cemex S.A.B. de C.V. will post 0.85 EPS for the current year.
Cemex Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. This is a boost from Cemex's previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, March 11th. Cemex's dividend payout ratio (DPR) is presently 28.13%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CX. Royal Bank Of Canada restated a "sector perform" rating and set a $12.75 target price on shares of Cemex in a research report on Friday, April 24th. Weiss Ratings restated a "hold (c)" rating on shares of Cemex in a research report on Wednesday, January 21st. HSBC lowered Cemex from a "buy" rating to a "hold" rating and set a $12.80 price target for the company. in a report on Friday, February 6th. Barclays reiterated an "overweight" rating on shares of Cemex in a report on Thursday, March 12th. Finally, Zacks Research lowered Cemex from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.77.
Read Our Latest Analysis on CX
Institutional Trading of Cemex
A number of large investors have recently modified their holdings of CX. Jones Financial Companies Lllp boosted its holdings in shares of Cemex by 334.7% in the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company's stock valued at $52,000 after purchasing an additional 7,075 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Cemex by 58.8% in the first quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company's stock valued at $40,320,000 after purchasing an additional 2,661,030 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Cemex by 53.2% in the second quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company's stock valued at $397,000 after purchasing an additional 19,878 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cemex by 256.7% in the second 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. Finally, Invesco Ltd. boosted its holdings in shares of Cemex by 57.1% in the second quarter. Invesco Ltd. now owns 50,480 shares of the construction company's stock valued at $350,000 after purchasing an additional 18,348 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.
About Cemex
(
Get Free Report)
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.
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