CompX International (NYSE:CIX) Downgraded by StockNews.com to “Buy”

StockNews.com cut shares of CompX International (NYSE:CIX) from a strong-buy rating to a buy rating in a report published on Friday.

CompX International Stock Performance

NYSE:CIX opened at $22.29 on Friday. The stock has a fifty day moving average price of $24.91 and a 200-day moving average price of $26.91. The company has a market cap of $274.33 million, a price-to-earnings ratio of 13.51 and a beta of 0.76. CompX International has a fifty-two week low of $17.39 and a fifty-two week high of $39.91.

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

CompX International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.38%. CompX International’s payout ratio is 72.73%.

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets increased its holdings in shares of CompX International Inc. (NYSE:CIX) by 998.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,471 shares of the company’s stock after buying an additional 4,973 shares during the quarter. 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 hedge funds and other institutional investors.

CompX International Company Profile

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.