Crossmark Global Holdings Inc. Boosts Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Crossmark Global Holdings Inc. grew its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CXGet Rating) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,162 shares of the construction company’s stock after buying an additional 3,584 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CEMEX were worth $446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CX. Capstone Financial Advisors Inc. bought a new stake in CEMEX in the 2nd quarter worth $39,000. Thompson Davis & CO. Inc. purchased a new position in CEMEX during the 2nd quarter valued at about $50,000. Qtron Investments LLC purchased a new position in CEMEX during the 2nd quarter valued at about $851,000. OneAscent Wealth Management LLC lifted its position in CEMEX by 17.1% during the 2nd quarter. OneAscent Wealth Management LLC now owns 37,550 shares of the construction company’s stock valued at $147,000 after acquiring an additional 5,497 shares during the period. Finally, GFS Advisors LLC raised its holdings in CEMEX by 13.0% in the second quarter. GFS Advisors LLC now owns 848,150 shares of the construction company’s stock worth $3,325,000 after buying an additional 97,400 shares during the last quarter. Institutional investors own 28.74% of the company’s stock.

CEMEX Price Performance

CX stock opened at $4.99 on Monday. CEMEX, S.A.B. de C.V. has a 52 week low of $3.20 and a 52 week high of $6.33. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $4.41 and a two-hundred day simple moving average of $4.06. The firm has a market capitalization of $7.34 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37.

CEMEX (NYSE:CXGet Rating) last released its earnings results on Thursday, October 27th. The construction company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $3.96 billion during the quarter. CEMEX had a net margin of 7.53% and a return on equity of 8.99%. Analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Redburn Partners assumed coverage on shares of CEMEX in a report on Thursday, December 8th. They set a “neutral” rating and a $4.90 price objective for the company. StockNews.com lowered shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.92.

CEMEX Profile

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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 worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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Institutional Ownership by Quarter for CEMEX (NYSE:CX)

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