CompX International (NYSE:CIX) Trading Down 0.8% – Time to Sell?

CompX International Inc. (NYSE:CIX) shares traded down 0.8% on Monday . The stock traded as low as $30.01 and last traded at $30.85. Approximately 2,037 shares traded hands during trading, a decline of 85% from the average daily volume of 13,879 shares. The stock had previously closed at $31.09.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CompX International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 8th.

CompX International Stock Up 3.1 %

The firm has a fifty day moving average of $28.84 and a 200-day moving average of $27.31. The stock has a market capitalization of $381.61 million, a price-to-earnings ratio of 18.78 and a beta of 0.76.

CompX International (NYSE:CIX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $35.90 million during the quarter. CompX International had a return on equity of 12.54% and a net margin of 13.40%.

CompX International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, September 6th were given a $2.00 dividend. The ex-dividend date was Friday, September 6th. This represents a $8.00 annualized dividend and a dividend yield of 25.81%. CompX International’s dividend payout ratio is presently 72.73%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its stake in shares of CompX International Inc. (NYSE:CIX) by 998.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,471 shares of the company’s stock after buying an additional 4,973 shares during the period. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 at the end of the most recent reporting period. Hedge funds and other 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.