CompX International (NYSE:CIX) Shares Up 1.3% – Still a Buy?

CompX International Inc. (NYSE:CIX)’s share price shot up 1.3% during mid-day trading on Thursday . The stock traded as high as $23.19 and last traded at $23.05. 2,687 shares changed hands during trading, a decline of 12% from the average session volume of 3,058 shares. The stock had previously closed at $22.75.

CompX International Stock Performance

The business’s fifty day simple moving average is $23.74 and its 200 day simple moving average is $23.21. The stock has a market cap of $285.40 million, a price-to-earnings ratio of 15.24 and a beta of 1.07.

CompX International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. CompX International’s dividend payout ratio is currently 75.95%.

Institutional Investors Weigh In On CompX International

A hedge fund recently bought a new stake in CompX International stock. Russell Investments Group Ltd. bought a new stake in CompX International Inc. (NYSE:CIX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,386 shares of the company’s stock, valued at approximately $103,000. Institutional investors and hedge funds own 7.50% of the company’s stock.

CompX International Company Profile

CompX International Inc is a U.S.-based manufacturer specializing in security and specialty products for industrial, residential and marine markets. Headquartered in Dallas, Texas, the company designs, engineers and assembles a broad range of hardware solutions that combine durable materials with precision components. Its product portfolio caters to original equipment manufacturers (OEMs), distributors and retail outlets, positioning CompX as a key supplier across multiple end-use sectors.

The company’s Security Products segment offers mechanical and electronic locking solutions, door and cabinet hardware, and cam-action assemblies.