CompX International (NYSE:CIX) Shares Down 0.8% – Here’s Why

CompX International Inc. (NYSE:CIX) shares fell 0.8% during trading on Monday . The stock traded as low as $30.01 and last traded at $30.85. 2,037 shares were traded during mid-day trading, a decline of 85% from the average session volume of 13,879 shares. The stock had previously closed at $31.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CompX International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 8th.

CompX International Stock Performance

The firm’s fifty day moving average is $28.55 and its two-hundred day moving average is $27.31. The company has a market cap of $379.89 million, a P/E ratio of 18.70 and a beta of 0.76.

CompX International (NYSE:CIX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share for the quarter. The business had revenue of $35.90 million during the quarter. CompX International had a return on equity of 12.54% and a net margin of 13.40%.

CompX International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, September 6th were paid a $2.00 dividend. The ex-dividend date was Friday, September 6th. This represents a $8.00 dividend on an annualized basis and a yield of 25.93%. CompX International’s dividend payout ratio is currently 72.73%.

Institutional Investors Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets boosted its stake in shares of CompX International Inc. (NYSE:CIX) by 998.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission. Institutional investors and hedge funds own 7.50% of the company’s stock.

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.