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

CompX International Inc. (NYSE:CIX - Get Free Report)'s stock price was down 6.9% during trading on Friday . The company traded as low as $27.96 and last traded at $27.96. Approximately 30,436 shares traded hands during mid-day trading, an increase of 110% from the average daily volume of 14,466 shares. The stock had previously closed at $30.04.

Analyst Ratings Changes

Separately, StockNews.com raised shares of CompX International from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 8th.

CompX International Stock Performance

The stock's 50-day simple moving average is $26.91 and its 200 day simple moving average is $27.81. The company has a market capitalization of $348.49 million, a PE ratio of 17.15 and a beta of 0.76.

CompX International (NYSE:CIX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.39 EPS for the quarter. CompX International had a net margin of 13.40% and a return on equity of 12.54%. The company had revenue of $35.90 million for the quarter.

CompX International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Friday, September 6th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 28.27%. The ex-dividend date was Friday, September 6th. CompX International's dividend payout ratio (DPR) is 72.73%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets boosted its holdings in shares of CompX International Inc. (NYSE:CIX - Free Report) by 998.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,471 shares of the company's stock after purchasing 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 SEC. 7.50% of the stock is currently owned by hedge funds and other 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.