CompX International (NYSE:CIX) Upgraded at StockNews.com

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

CompX International Stock Down 0.6 %

NYSE:CIX opened at $27.61 on Wednesday. CompX International has a twelve month low of $20.48 and a twelve month high of $39.91. The company has a fifty day moving average of $29.22 and a 200-day moving average of $26.69. The firm has a market capitalization of $340.16 million, a P/E ratio of 18.16 and a beta of 0.76.

CompX International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.35%. CompX International’s dividend payout ratio is currently 78.95%.

Insider Activity

In other news, Director Mary A. Tidlund sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $28.58, for a total transaction of $57,160.00. Following the transaction, the director now directly owns 6,650 shares of the company’s stock, valued at $190,057. This represents a 23.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC raised its holdings in CompX International Inc. (NYSE:CIX) by 118.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission. Hedge funds and other institutional investors own 7.50% of the company’s stock.

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.