CompX International Inc. (NYSE:CIX) VP Acquires $16,650.00 in Stock

CompX International Inc. (NYSE:CIX) VP Bryan A. Hanley bought 750 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $22.20 per share, with a total value of $16,650.00. Following the completion of the transaction, the vice president now directly owns 2,250 shares of the company’s stock, valued at $49,950. This trade represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CompX International Trading Up 4.5 %

NYSE CIX traded up $0.97 on Wednesday, hitting $22.41. 7,168 shares of the company traded hands, compared to its average volume of 12,328. The business’s 50 day moving average price is $24.66 and its 200-day moving average price is $27.41. CompX International Inc. has a 52-week low of $20.60 and a 52-week high of $39.91. The company has a market capitalization of $276.08 million, a price-to-earnings ratio of 14.74 and a beta of 0.71.

CompX International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.35%. CompX International’s payout ratio is currently 88.89%.

Institutional Investors Weigh In On CompX International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in CompX International by 243.2% during the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company’s stock valued at $58,000 after purchasing an additional 1,408 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of CompX International by 476.5% during the 4th quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock valued at $217,000 after buying an additional 6,862 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after buying an additional 438 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in CompX International in the 4th quarter worth $1,642,000. Institutional investors own 7.50% of the company’s stock.

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 note on Thursday, December 5th.

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.