Key Points
- Cemex EVP Cobian Mauricio Doehner sold 927,900 shares at an average price of $9.57, generating approximately $8.88 million. The sale reduced his holdings by 61.34%, leaving him with 584,930 shares.
- Cemex reported quarterly EPS of $0.24 on revenue of $4.59 billion, while analysts expect full-year EPS of $0.91. The company also pays an annualized dividend of $0.12 per share, yielding about 1.3%.
- Shares opened at $9.52, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $13.07, while institutional investors own 82.97% of the stock.
Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) EVP Cobian Mauricio Doehner sold 927,900 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $9.57, for a total value of $8,880,003.00. Following the completion of the sale, the executive vice president owned 584,930 shares of the company's stock, valued at $5,597,780.10. The trade was a 61.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Cemex Stock Performance
Shares of CX stock opened at $9.52 on Thursday. Cemex S.A.B. de C.V. has a 1-year low of $8.73 and a 1-year high of $13.67. The company has a current ratio of 0.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 27.99 and a beta of 1.52. The stock's fifty day simple moving average is $10.87 and its 200-day simple moving average is $11.73.
Cemex (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.82% and a net margin of 2.83%.The firm had revenue of $4.59 billion during the quarter. On average, sell-side analysts predict that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.
Cemex Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were issued a $0.0312 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.3%. Cemex's dividend payout ratio is currently 35.29%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CX shares. Santander raised shares of Cemex to an "outperform" rating in a research report on Thursday, June 11th. Royal Bank Of Canada increased their target price on shares of Cemex from $12.75 to $13.50 and gave the stock a "sector perform" rating in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Cemex from $14.50 to $15.00 and gave the company an "overweight" rating in a research note on Wednesday, July 8th. Wall Street Zen cut shares of Cemex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Barclays upped their price target on shares of Cemex from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.07.
View Our Latest Analysis on CX
Institutional Investors Weigh In On Cemex
Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Cemex during the second quarter valued at approximately $683,000. Charles Schwab Trust Co bought a new stake in Cemex in the second quarter worth approximately $132,000. Contravisory Investment Management Inc. acquired a new position in shares of Cemex during the 2nd quarter worth $277,000. Dynamic Advisor Solutions LLC increased its stake in shares of Cemex by 17.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 42,732 shares of the construction company's stock worth $513,000 after purchasing an additional 6,368 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Cemex by 15.7% during the 1st quarter. Parallel Advisors LLC now owns 20,119 shares of the construction company's stock valued at $230,000 after purchasing an additional 2,729 shares in the last quarter. Institutional investors own 82.97% of the company's stock.
About Cemex
(
Get Free Report)
CEMEX, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces, distributes and sells cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.
CEMEX also provides construction solutions and services, including concrete products, paving materials, building systems and digital tools designed to support construction professionals and customers. Its operations and commercial activities serve markets across Mexico, the United States, Europe, South and Central America, the Caribbean, Africa and the Middle East.
The company traces its origins to 1906, when Cementos Hidalgo began operations in Mexico.
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