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

StockNews.com upgraded shares of CompX International (NYSE:CIXFree Report) from a buy rating to a strong-buy rating in a report released on Tuesday.

CompX International Stock Performance

NYSE CIX opened at $22.56 on Tuesday. The stock has a 50-day moving average of $23.48 and a 200 day moving average of $21.61. The company has a market capitalization of $277.80 million, a price-to-earnings ratio of 13.43 and a beta of 0.77. CompX International has a one year low of $16.25 and a one year high of $30.65.

CompX International (NYSE:CIXGet Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.47 EPS for the quarter. The company had revenue of $40.30 million for the quarter. CompX International had a return on equity of 12.79% and a net margin of 13.09%.

CompX International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.43%. The ex-dividend date was Thursday, November 30th. CompX International’s dividend payout ratio (DPR) is presently 59.52%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC raised its holdings in CompX International Inc. (NYSE:CIXFree Report) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,277 shares of the company’s stock after purchasing an additional 3,683 shares during the period. Geode Capital Management LLC owned about 0.25% of CompX International worth $660,000 at the end of the most recent quarter. 7.78% of the stock is currently owned by hedge funds and other institutional investors.

About CompX International

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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.

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