Cemex (NYSE:CX) EVP Sells $8,880,003.00 in Stock

Cemex S.A.B. de C.V. (NYSE:CX) EVP Mauricio Doehner sold 927,900 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $9.57, for a total value of $8,880,003.00. Following the transaction, the executive vice president directly 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 SEC, which is available through this hyperlink.

Cemex Trading Up 1.5%

Shares of Cemex stock opened at $9.54 on Friday. The business’s fifty day moving average is $10.76 and its two-hundred day moving average is $11.71. Cemex S.A.B. de C.V. has a fifty-two week low of $8.93 and a fifty-two week high of $13.67. The firm has a market cap of $13.83 billion, a PE ratio of 28.07 and a beta of 1.51. The company has a quick ratio of 0.68, a current ratio of 0.92 and a debt-to-equity ratio of 0.44.

Cemex (NYSE:CX) last posted its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The company had revenue of $4.59 billion for the quarter. Analysts anticipate that Cemex S.A.B. de C.V. will post 0.91 earnings per share for the current year.

Cemex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were given a $0.0312 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.3%. Cemex’s payout ratio is presently 35.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Cemex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Scotiabank increased their price objective on shares of Cemex from $14.10 to $14.50 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Barclays boosted their target price on Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research report on Friday, August 21st. Finally, Royal Bank Of Canada lifted 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. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.07.

Institutional Trading of Cemex

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Cemex during the second quarter worth approximately $683,000. Charles Schwab Trust Co acquired a new stake in shares of Cemex during the second quarter worth $132,000. Contravisory Investment Management Inc. acquired a new stake in Cemex during the second quarter worth approximately $277,000. Dynamic Advisor Solutions LLC increased its stake in Cemex by 17.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 42,732 shares of the construction company’s stock valued at $513,000 after purchasing an additional 6,368 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in 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. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Cemex Company Profile

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.