CompX International (NYSE:CIX) Shares Down 1.1% - What's Next?

Shares of CompX International Inc. (NYSE:CIX - Get Free Report) fell 1.1% on Friday . The stock traded as low as $23.83 and last traded at $24.01. 4,549 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 10,241 shares. The stock had previously closed at $24.27.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CompX International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 5th.

CompX International Price Performance

The business has a fifty day moving average of $28.22 and a 200-day moving average of $27.58. The stock has a market capitalization of $295.78 million, a price-to-earnings ratio of 15.80 and a beta of 0.76.

CompX International Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, November 29th. CompX International's dividend payout ratio is presently 78.95%.

Insiders Place Their Bets

In other news, Director Mary A. Tidlund sold 1,000 shares of CompX International stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $29.02, for a total value of $29,020.00. Following the transaction, the director now directly owns 5,650 shares of the company's stock, valued at $163,963. This trade represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets increased its holdings in shares of CompX International Inc. (NYSE:CIX - Free Report) by 243.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,987 shares of the company's stock after buying an additional 1,408 shares during the quarter. BNP Paribas Financial Markets' holdings in CompX International were worth $58,000 as of its most recent filing with the Securities and Exchange Commission. 7.50% of the stock is owned by institutional investors.

About CompX International

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.