CompX International (NYSE:CIX) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of CompX International (NYSE:CIX) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

CompX International Stock Performance

Shares of NYSE CIX opened at $27.71 on Wednesday. CompX International has a fifty-two week low of $20.48 and a fifty-two week high of $39.91. The stock has a fifty day moving average of $29.27 and a 200-day moving average of $26.67. The stock has a market cap of $341.39 million, a PE ratio of 18.23 and a beta of 0.76.

CompX International Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, November 29th. CompX International’s payout ratio is 78.95%.

Insider Buying and Selling at CompX International

In other CompX International news, Director Mary A. Tidlund sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $29.02, for a total transaction of $29,020.00. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $163,963. This represents a 15.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC boosted its holdings in CompX International Inc. (NYSE:CIX) by 118.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. Hedge funds and other institutional investors 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.