CompX International (NYSE:CIX) Shares Down 6.9%

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CompX International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th.

CompX International Stock Performance

The company has a 50 day moving average of $26.82 and a 200 day moving average of $27.81. The firm has a market cap of $344.30 million, a P/E ratio of 16.95 and a beta of 0.76.

CompX International (NYSE:CIX) last announced its quarterly earnings results 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, September 6th were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 28.61%. CompX International’s dividend payout ratio is currently 72.73%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets increased its position in CompX International Inc. (NYSE:CIX) by 998.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,471 shares of the company’s stock after acquiring an additional 4,973 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 at the end of the most recent quarter. 7.50% of the stock is currently owned by institutional investors.

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.