CompX International (NYSE:CIX) Stock Price Down 6.9%

Shares of CompX International Inc. (NYSE:CIX) traded down 6.9% during trading on Friday . The company traded as low as $27.96 and last traded at $27.96. 30,436 shares traded hands during trading, an increase of 110% from the average session volume of 14,466 shares. The stock had previously closed at $30.04.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CompX International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th.

CompX International Stock Performance

The firm’s 50-day simple moving average is $26.82 and its 200-day simple moving average is $27.81. The company has a market capitalization of $344.30 million, a price-to-earnings ratio of 16.95 and a beta of 0.76.

CompX International (NYSE:CIX) last released its 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 for the quarter. CompX International had a return on equity of 12.54% and a net margin of 13.40%.

CompX International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, September 6th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 28.61%. The ex-dividend date of this dividend was Friday, September 6th. CompX International’s dividend payout ratio is presently 72.73%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its holdings in CompX International Inc. (NYSE:CIX) by 998.6% in the first quarter, according to the company in 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 quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 as of its most recent filing with the SEC. 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.