StockNews.com cut shares of CompX International (NYSE:CIX - Free Report) from a strong-buy rating to a buy rating in a report released on Thursday morning.
CompX International Trading Up 16.4 %
CompX International stock traded up $4.60 during midday trading on Thursday, reaching $32.65. The company's stock had a trading volume of 34,774 shares, compared to its average volume of 13,080. The stock has a market cap of $402.25 million, a PE ratio of 18.45 and a beta of 0.75. CompX International has a 52 week low of $20.48 and a 52 week high of $39.91. The business has a 50-day moving average price of $29.15 and a 200-day moving average price of $26.85.
CompX International Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. CompX International's dividend payout ratio (DPR) is currently 78.95%.
Insider Activity
In related news, Director Mary A. Tidlund sold 1,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $163,963. This represents a 15.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On CompX International
A hedge fund recently raised its stake in CompX International stock. Nisa Investment Advisors LLC grew its stake in shares of CompX International Inc. (NYSE:CIX - Free Report) by 118.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,310 shares of the company's stock after acquiring an additional 710 shares during the quarter. Nisa Investment Advisors LLC's holdings in CompX International were worth $38,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.50% of the company's stock.
About CompX International
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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.
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