CompX International (NYSE:CIX) Upgraded by StockNews.com to Strong-Buy Rating

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

CompX International Stock Down 0.6 %

Shares of NYSE:CIX opened at $27.61 on Wednesday. The business’s 50 day moving average is $29.22 and its 200 day moving average is $26.69. CompX International has a 12-month low of $20.48 and a 12-month high of $39.91. The stock has a market cap of $340.16 million, a price-to-earnings ratio of 18.16 and a beta of 0.76.

CompX International Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.35%. CompX International’s payout ratio is 78.95%.

Insider Activity

In other CompX International news, Director Mary A. Tidlund sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $28.58, for a total value of $57,160.00. Following the completion of the sale, the director now directly owns 6,650 shares of the company’s stock, valued at approximately $190,057. This represents a 23.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets lifted its holdings in shares of CompX International Inc. (NYSE:CIX) by 243.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,987 shares of the company’s stock after acquiring an additional 1,408 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $58,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.