CompX International (NYSE:CIX) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of CompX International (NYSE:CIX) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

CompX International Stock Performance

CIX stock opened at $26.75 on Monday. The stock has a fifty day moving average of $23.05 and a 200-day moving average of $25.76. CompX International has a fifty-two week low of $17.89 and a fifty-two week high of $36.10. The company has a market capitalization of $329.53 million, a price-to-earnings ratio of 17.60 and a beta of 1.08.

CompX International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Monday, March 17th. CompX International’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CIX. Rhumbline Advisers lifted its position in shares of CompX International by 476.5% during the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock worth $217,000 after acquiring an additional 6,862 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after purchasing an additional 438 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in CompX International during the 4th quarter worth about $1,642,000. 7.50% of the stock is owned by institutional investors.

About CompX International

CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.