CompX International (NYSE:CIX) Stock Rating Lowered by StockNews.com

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

CompX International Price Performance

Shares of CIX stock traded up $0.58 during trading hours on Friday, reaching $29.59. The company had a trading volume of 12,141 shares, compared to its average volume of 13,258. CompX International has a 1-year low of $18.76 and a 1-year high of $39.91. The firm has a market cap of $364.55 million, a price-to-earnings ratio of 17.01 and a beta of 0.76. The company has a 50 day moving average of $29.16 and a 200 day moving average of $26.96.

CompX International (NYSE:CIX) last issued its earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, November 29th. CompX International’s payout ratio is 70.18%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets boosted its holdings in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,471 shares of the company’s stock after acquiring 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 and 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.