CEMEX (NYSE:CX) Sees Unusually-High Trading Volume

CEMEX, S.A.B. de C.V. (NYSE:CX) saw unusually-high trading volume on Friday . Approximately 16,578,902 shares changed hands during trading, an increase of 151% from the previous session’s volume of 6,602,790 shares.The stock last traded at $6.22 and had previously closed at $6.39.

Analyst Ratings Changes

A number of analysts have recently commented on CX shares. The Goldman Sachs Group boosted their price objective on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 26th. StockNews.com upgraded CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Royal Bank of Canada started coverage on CEMEX in a research note on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 price target on the stock. Finally, Bank of America lowered CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.46.

CEMEX Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The stock has a market cap of $9.13 billion, a PE ratio of 45.64 and a beta of 1.47. The company has a fifty day moving average of $7.57 and a 200-day moving average of $7.86.

CEMEX (NYSE:CX) last issued its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $4.14 billion for the quarter. CEMEX had a return on equity of 1.82% and a net margin of 1.28%. During the same quarter last year, the company earned $0.15 EPS. Sell-side analysts expect that CEMEX, S.A.B. de C.V. will post 0.87 EPS for the current fiscal year.

CEMEX Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be given a dividend of $0.349 per share. The ex-dividend date is Monday, June 17th. CEMEX’s dividend payout ratio is currently 14.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its holdings in shares of CEMEX by 6.9% in the 1st quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock valued at $190,000 after buying an additional 1,358 shares during the period. Aprio Wealth Management LLC lifted its holdings in shares of CEMEX by 8.9% in the 1st quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock valued at $158,000 after buying an additional 1,431 shares during the period. Parallel Advisors LLC lifted its holdings in shares of CEMEX by 11.5% in the 4th quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock valued at $109,000 after buying an additional 1,443 shares during the period. CWM LLC lifted its holdings 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 during the period. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of CEMEX by 6.3% in the 1st quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company’s stock valued at $241,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.