CompX International (NYSE:CIX) Lowered 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 note released on Wednesday morning.

CompX International Price Performance

Shares of NYSE:CIX opened at $23.25 on Wednesday. The firm has a market capitalization of $286.21 million, a PE ratio of 14.09 and a beta of 0.76. The firm’s 50-day moving average is $23.85 and its two-hundred day moving average is $26.75. CompX International has a 1 year low of $17.39 and a 1 year high of $39.91.

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

CompX International Dividend Announcement

The company also recently announced 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. The ex-dividend date was Monday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.16%. CompX International’s payout ratio is 72.73%.

Institutional Trading of CompX International

A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets increased its position in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the first quarter, according to its most recent Form 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 at the end of the most recent reporting period. 7.50% of the stock is currently owned by institutional investors.

About CompX International

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.