CompX International (NYSE:CIX) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of CompX International (NYSE:CIX) in a research report report published on Thursday. The firm issued a buy rating on the stock.

CompX International Stock Up 1.3 %

Shares of CIX stock opened at $20.06 on Thursday. The company’s fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $26.23. CompX International has a 52 week low of $17.89 and a 52 week high of $36.10. The stock has a market cap of $247.12 million, a P/E ratio of 13.20 and a beta of 0.94.

CompX International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend was Monday, March 17th. CompX International’s dividend payout ratio is presently 88.89%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in CompX International by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock worth $892,000 after acquiring an additional 438 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of CompX International by 243.2% during the 3rd 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 during the last quarter. Rhumbline Advisers raised its holdings in 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 during the period. Finally, Bank of New York Mellon Corp bought a new stake in CompX International in the fourth quarter worth $1,642,000. 7.50% of the stock is owned by hedge funds and other 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.