Ashton Thomas Private Wealth LLC Purchases Shares of 5,177 CEMEX, S.A.B. de C.V. (NYSE:CX)

Ashton Thomas Private Wealth LLC purchased a new stake in CEMEX, S.A.B. de C.V. (NYSE:CX) in the second quarter, HoldingsChannel reports. The fund purchased 5,177 shares of the construction company’s stock, valued at approximately $33,000.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of CEMEX by 75.0% in the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after buying an additional 1,506 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of CEMEX by 3,180.2% in the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after buying an additional 10,590 shares in the last quarter. Prudent Man Advisors LLC acquired a new position in shares of CEMEX in the 4th quarter valued at $86,000. KCM Investment Advisors LLC acquired a new position in shares of CEMEX in the 1st quarter valued at $91,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of CEMEX by 54.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,124 shares of the construction company’s stock valued at $102,000 after buying an additional 4,623 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

CEMEX Stock Performance

CEMEX stock opened at $6.07 on Tuesday. CEMEX, S.A.B. de C.V. has a 1 year low of $5.50 and a 1 year high of $9.27. The company has a market cap of $8.79 billion, a PE ratio of 43.32 and a beta of 1.48. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average is $6.28 and its two-hundred day moving average is $7.21.

CEMEX (NYSE:CX) last issued its earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. The company had revenue of $4.49 billion during the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. Equities analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current year.

CEMEX Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Tuesday, September 24th. Investors of record on Friday, September 13th will be given a $0.021 dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 13th. CEMEX’s dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of CEMEX in a research report on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price for the company. Barclays upgraded shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $8.00 target price on shares of CEMEX in a research report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CEMEX has an average rating of “Moderate Buy” and a consensus target price of $8.70.

CEMEX Profile

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.