CompX International (NYSE:CIX) Downgraded to Buy at StockNews.com

StockNews.com lowered shares of CompX International (NYSE:CIX) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning.

CompX International Price Performance

CompX International stock opened at $24.18 on Wednesday. The company’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $26.82. CompX International has a fifty-two week low of $17.39 and a fifty-two week high of $39.91. The firm has a market capitalization of $297.66 million, a price-to-earnings ratio of 14.65 and a beta of 0.77.

CompX International (NYSE:CIX) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter. CompX International had a net margin of 12.78% and a return on equity of 12.14%. The business had revenue of $38.00 million for the quarter.

CompX International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Monday, June 10th. CompX International’s payout ratio is 72.73%.

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets boosted its stake in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,471 shares of the company’s stock after buying 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. 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.