CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 39.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,087 shares of the construction company’s stock after buying an additional 4,306 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CEMEX were worth $92,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CX. Ashton Thomas Private Wealth LLC bought a new stake in shares of CEMEX in the 2nd quarter valued at approximately $33,000. Allworth Financial LP increased its stake in CEMEX by 36.0% during the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in shares of CEMEX during the third quarter worth $70,000. Vontobel Holding Ltd. acquired a new stake in shares of CEMEX during the third quarter worth $77,000. Finally, Thoroughbred Financial Services LLC bought a new position in shares of CEMEX in the 2nd quarter worth about $81,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

CX has been the topic of several research reports. Barclays dropped their price objective on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada cut CEMEX from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $7.00 to $6.00 in a research note on Tuesday, October 29th. Finally, Scotiabank cut their target price on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.65.

CEMEX Stock Up 0.5 %

CX opened at $5.65 on Friday. The stock’s 50 day moving average price is $5.63 and its 200 day moving average price is $6.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The stock has a market cap of $8.19 billion, a P/E ratio of 18.83 and a beta of 1.50. CEMEX, S.A.B. de C.V. has a 12 month low of $5.00 and a 12 month high of $9.27.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is 20.00%.

CEMEX Company 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.