CompX International (NYSE:CIX) Shares Climb 7.4% – Should You Buy?

Shares of CompX International Inc. (NYSE:CIX) were up 7.4% on Tuesday. The stock traded as high as $42.67 and last traded at $43.59. 3,443 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 9,071 shares. The stock had previously closed at $40.60.

CompX International Stock Performance

The stock has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $28.17. The stock has a market capitalization of $522.05 million, a P/E ratio of 27.72 and a beta of 0.86.

CompX International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Thursday, November 19th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, November 19th. CompX International’s dividend payout ratio (DPR) is presently 63.49%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. IFP Advisors Inc increased its holdings in shares of CompX International Inc. (NYSE:CIX) by 95,000.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 951 shares of the company’s stock after buying an additional 950 shares during the period. IFP Advisors Inc’s holdings in CompX International were worth $36,000 at the end of the most recent quarter. Institutional investors own 7.50% of the company’s stock.

CompX International Company Profile

CompX International Inc. is a diversified manufacturer of security products and marine components. The company serves original equipment manufacturers, distributors and other industrial customers through operations focused primarily on the North American market, with products also sold internationally. CompX’s Security Products segment manufactures mechanical and electronic locks, cabinet locks, ignition switches and related access-control products. These products are used in applications including office furniture, recreational vehicles, vending equipment, postal equipment, transportation and industrial systems.