CompX International (NYSE:CIX) Shares Down 0.8% - Time to Sell?

CompX International Inc. (NYSE:CIX - Get Free Report)'s stock price was down 0.8% on Monday . The stock traded as low as $30.01 and last traded at $30.85. Approximately 2,037 shares changed hands during trading, a decline of 85% from the average daily volume of 13,879 shares. The stock had previously closed at $31.09.

Analysts Set New Price Targets

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

CompX International Stock Down 0.4 %

The firm has a market cap of $374.84 million, a PE ratio of 18.45 and a beta of 0.76. The firm's fifty day simple moving average is $28.69 and its two-hundred day simple moving average is $27.29.

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

CompX International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, September 6th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 26.28%. The ex-dividend date of this dividend was Friday, September 6th. CompX International's dividend payout ratio (DPR) is presently 72.73%.

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 CompX International Inc. (NYSE:CIX - Free Report) by 998.6% during the 1st quarter, according to its most recent Form 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 at the end of the most recent quarter. 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.