Generali Investments CEE investicni spolecnost a.s. Makes New Investment in CEMEX, S.A.B. de C.V. (NYSE:CX)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in CEMEX, S.A.B. de C.V. (NYSE:CX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 184,188 shares of the construction company’s stock, valued at approximately $1,039,000.

A number of other hedge funds have also recently added to or reduced their stakes in CX. Barclays PLC lifted its stake in shares of CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares in the last quarter. Holistic Financial Partners lifted its stake in shares of CEMEX by 25.0% in the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock valued at $79,000 after purchasing an additional 2,787 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after purchasing an additional 3,062 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of CEMEX by 14.7% in the 3rd quarter. Private Advisor Group LLC now owns 26,831 shares of the construction company’s stock valued at $164,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of CEMEX by 39.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company’s stock valued at $92,000 after purchasing an additional 4,306 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Stock Performance

Shares of NYSE:CX opened at $6.08 on Friday. The company has a market cap of $8.81 billion, a P/E ratio of 9.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The business’s 50-day simple moving average is $6.04 and its 200 day simple moving average is $5.90.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.0207 per share. The ex-dividend date is Monday, March 10th. CEMEX’s dividend payout ratio is presently 12.70%.

Analysts Set New Price Targets

CX has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada lifted their price objective on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.82.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.