CompX International (NYSE:CIX) Research Coverage Started at StockNews.com

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

CompX International Stock Performance

Shares of CIX opened at $20.06 on Thursday. The stock has a fifty day moving average of $22.78 and a 200-day moving average of $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 capitalization of $247.12 million, a price-to-earnings ratio of 13.20 and a beta of 0.94.

CompX International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date was Monday, March 17th. CompX International’s dividend payout ratio (DPR) is presently 88.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CIX. BNP Paribas Financial Markets boosted its stake 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 worth $58,000 after acquiring an additional 1,408 shares during the last quarter. Rhumbline Advisers lifted its position in CompX International by 476.5% during the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock valued at $217,000 after purchasing an additional 6,862 shares in the last quarter. Geode Capital Management LLC grew its holdings in CompX International by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after purchasing an additional 438 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in CompX International in the fourth quarter worth about $1,642,000. Institutional investors own 7.50% of the company’s stock.

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.