StockNews.com Downgrades CompX International (NYSE:CIX) to Buy

StockNews.com downgraded shares of CompX International (NYSE:CIX) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.

CompX International Price Performance

Shares of CIX stock opened at $24.18 on Wednesday. The business’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $26.82. CompX International has a one year low of $17.39 and a one year high of $39.91. The stock has a market capitalization of $297.66 million, a PE ratio of 14.65 and a beta of 0.77.

CompX International (NYSE:CIX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $38.00 million for the quarter. CompX International had a return on equity of 12.14% and a net margin of 12.78%.

CompX International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, June 10th. CompX International’s payout ratio is 72.73%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its holdings in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,471 shares of the company’s stock after buying an additional 4,973 shares during the period. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 as of its most recent filing with the SEC. 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.