CompX International (NYSE:CIX) Stock Price Up 3.1% – What’s Next?

CompX International Inc. (NYSE:CIX) was up 3.1% during trading on Wednesday . The company traded as high as $24.22 and last traded at $24.22. Approximately 4,203 shares traded hands during trading, an increase of 96% from the average daily volume of 2,145 shares. The stock had previously closed at $23.50.

CompX International Stock Performance

The firm’s 50 day moving average is $22.58 and its 200-day moving average is $23.95. The stock has a market capitalization of $298.46 million, a price-to-earnings ratio of 15.93 and a beta of 1.07.

CompX International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Friday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, November 21st. CompX International’s dividend payout ratio is presently 76.43%.

Hedge Funds Weigh In On CompX International

A hedge fund recently bought a new stake in CompX International stock. Russell Investments Group Ltd. purchased a new position in shares of CompX International Inc. (NYSE:CIX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,386 shares of the company’s stock, valued at approximately $103,000. Institutional investors own 7.50% of the company’s stock.

CompX International Company Profile

CompX International Inc is a U.S.-based manufacturer specializing in security and specialty products for industrial, residential and marine markets. Headquartered in Dallas, Texas, the company designs, engineers and assembles a broad range of hardware solutions that combine durable materials with precision components. Its product portfolio caters to original equipment manufacturers (OEMs), distributors and retail outlets, positioning CompX as a key supplier across multiple end-use sectors.

The company’s Security Products segment offers mechanical and electronic locking solutions, door and cabinet hardware, and cam-action assemblies.