Bank of New York Mellon Corp Takes Position in CompX International Inc. (NYSE:CIX)

Bank of New York Mellon Corp bought a new stake in CompX International Inc. (NYSE:CIX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 62,802 shares of the company’s stock, valued at approximately $1,642,000. Bank of New York Mellon Corp owned about 0.51% of CompX International at the end of the most recent quarter.

Separately, BNP Paribas Financial Markets raised its stake in shares of CompX International by 243.2% in the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company’s stock valued at $58,000 after acquiring an additional 1,408 shares during the last quarter. 7.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of CompX International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 5th.

CompX International Price Performance

CIX stock opened at $22.16 on Friday. The company has a 50 day moving average price of $24.21 and a 200 day moving average price of $27.06. CompX International Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $37.91. The stock has a market capitalization of $272.99 million, a PE ratio of 14.58 and a beta of 0.71.

CompX International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Monday, March 17th. CompX International’s payout ratio is 88.89%.

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.