CompX International (NYSE:CIX) Upgraded to Strong-Buy at StockNews.com

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

CompX International Trading Down 3.3 %

CompX International stock opened at $25.90 on Thursday. The firm has a market capitalization of $318.93 million, a price-to-earnings ratio of 15.70 and a beta of 0.76. The firm’s fifty day moving average price is $23.78 and its two-hundred day moving average price is $26.83. CompX International has a 1-year low of $17.39 and a 1-year high of $39.91.

CompX International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Friday, September 6th will be paid a $2.00 dividend. The ex-dividend date is Friday, September 6th. This represents a $8.00 dividend on an annualized basis and a yield of 30.89%. CompX International’s dividend payout ratio (DPR) is presently 72.73%.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets raised its holdings in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,471 shares of the company’s stock after purchasing an additional 4,973 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 as of its most recent filing with the Securities & Exchange Commission. 7.50% of the stock is currently 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.