Loomis Sayles & Co. L P Has $29.79 Million Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Loomis Sayles & Co. L P reduced its position in CEMEX, S.A.B. de C.V. (NYSE:CX) by 2.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,282,011 shares of the construction company’s stock after selling 115,966 shares during the quarter. Loomis Sayles & Co. L P’s holdings in CEMEX were worth $29,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after acquiring an additional 1,843 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of CEMEX by 26.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock valued at $73,000 after purchasing an additional 2,720 shares in the last quarter. Holistic Financial Partners increased 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 during the last quarter. IFP Advisors Inc raised its holdings in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after buying an additional 3,062 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of CEMEX by 32.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,550 shares of the construction company’s stock worth $82,000 after buying an additional 3,558 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

CEMEX Stock Performance

CEMEX stock opened at $6.04 on Friday. The business has a 50 day moving average of $6.16 and a 200-day moving average of $5.89. The company has a market capitalization of $8.75 billion, a P/E ratio of 9.58 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

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

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 12.70%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their target price on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.82.

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.