CompX International (NYSE:CIX) Trading 3.3% Higher – Time to Buy?

CompX International Inc. (NYSE:CIX)’s share price traded up 3.3% on Thursday . The company traded as high as $25.87 and last traded at $25.87. 888 shares traded hands during trading, a decline of 91% from the average session volume of 9,359 shares. The stock had previously closed at $25.05.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of CompX International from a “hold” rating to a “buy” rating in a research report on Monday, May 5th.

CompX International Stock Performance

The stock has a fifty day simple moving average of $25.40 and a two-hundred day simple moving average of $24.75. The stock has a market cap of $318.69 million, a price-to-earnings ratio of 17.02 and a beta of 1.04.

CompX International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.64%. The ex-dividend date was Monday, June 9th. CompX International’s dividend payout ratio (DPR) is presently 82.19%.

Institutional Investors Weigh In On CompX International

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 438 shares in the last quarter. Rhumbline Advisers raised its position in CompX International by 476.5% in the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock valued at $217,000 after purchasing an additional 6,862 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CompX International during the fourth quarter valued at about $1,642,000. 7.50% of the stock is currently owned by institutional investors and hedge funds.

CompX International Company Profile

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.