Crossmark Global Holdings Inc. Buys 4,543 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

Crossmark Global Holdings Inc. lifted its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,511 shares of the construction company’s stock after acquiring an additional 4,543 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CEMEX were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in CEMEX in the second quarter worth approximately $33,000. Allworth Financial LP boosted its stake in shares of CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after buying an additional 1,747 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of CEMEX in the first quarter worth $114,000. Vontobel Holding Ltd. purchased a new stake in CEMEX during the third quarter valued at $77,000. Finally, Thoroughbred Financial Services LLC bought a new position in CEMEX in the second quarter valued at about $81,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

CEMEX Trading Up 0.2 %

Shares of CX stock opened at $5.33 on Friday. The stock has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $6.46. CEMEX, S.A.B. de C.V. has a 52-week low of $5.00 and a 52-week high of $9.27. The firm has a market capitalization of $7.72 billion, a PE ratio of 17.77 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were issued a $0.021 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 0.7%. CEMEX’s dividend payout ratio is presently 13.33%.

Analyst Ratings Changes

A number of research firms have issued reports on CX. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. cut shares of CEMEX from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Scotiabank dropped their price target on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. Barclays reduced their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their target price on CEMEX from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, CEMEX has a consensus rating of “Moderate Buy” and an average price target 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.