StockNews.com Upgrades CompX International (NYSE:CIX) to “Strong-Buy”

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

CompX International Stock Performance

Shares of CIX stock opened at $27.71 on Wednesday. CompX International has a 52-week low of $20.48 and a 52-week high of $39.91. The firm has a market capitalization of $341.39 million, a PE ratio of 18.23 and a beta of 0.76. The stock has a fifty day simple moving average of $29.27 and a two-hundred day simple moving average of $26.67.

CompX International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, November 29th. CompX International’s payout ratio is currently 78.95%.

Insiders Place Their Bets

In other CompX International news, Director Mary A. Tidlund sold 1,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $163,963. This represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by insiders.

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC boosted its stake in shares of CompX International Inc. (NYSE:CIX) by 118.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,310 shares of the company’s stock after buying an additional 710 shares during the period. Nisa Investment Advisors LLC’s holdings in CompX International were worth $38,000 as of its most recent filing with the Securities & Exchange Commission. 7.50% of the stock is owned by institutional investors and hedge funds.

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.