Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 52-Week High – Here’s What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.18 and last traded at $10.2740, with a volume of 1092291 shares trading hands. The stock had previously closed at $6.99.

Analyst Upgrades and Downgrades

CPAC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Cementos Pacasmayo S.A.A. in a report on Thursday, December 4th. JPMorgan Chase & Co. boosted their target price on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.95.

Cementos Pacasmayo S.A.A. Trading Up 50.7%

The company has a market cap of $893.22 million, a P/E ratio of 15.05 and a beta of 0.69. The business has a fifty day simple moving average of $7.07 and a 200 day simple moving average of $6.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.40.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The business had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. Analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.6018 per share. The ex-dividend date of this dividend is Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio is 78.57%.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. bought a new position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 75,041 shares of the construction company’s stock, valued at approximately $522,000. Benjamin Edwards Inc. owned about 0.09% of Cementos Pacasmayo S.A.A. as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.