CompX International (NYSE:CIX) Shares Climb 7.4% – Here’s Why

CompX International Inc. (NYSE:CIX – Get Free Report) rose 7.4% on Tuesday. The stock traded as high as $42.67 and last traded at $43.59. Approximately 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 Down 1.4%

The firm has a fifty day moving average of $37.37 and a 200-day moving average of $28.37. The stock has a market capitalization of $535.93 million, a price-to-earnings ratio of 28.61 and a beta of 0.86.

CompX International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, November 19th. CompX International’s payout ratio is 63.49%.

Institutional Investors Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. IFP Advisors Inc lifted its holdings in shares of CompX International Inc. (NYSE:CIX – Free Report) by 95,000.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 951 shares of the company’s stock after purchasing an additional 950 shares during the period. IFP Advisors Inc’s holdings in CompX International were worth $36,000 as of its most recent SEC filing. 7.50% of the stock is owned by institutional investors.

CompX International Company Profile

(Get Free Report)

CompX International designs and manufactures component products for security and marine applications. Its Security Products segment makes mechanical and electronic locking systems and related products for cabinets, desks, mailboxes, and other applications. The company’s Marine Components segment produces equipment and hardware for recreational boats, including throttle controls, trim tabs, and stainless-steel components. Its products are sold to manufacturers and other customers in the marine industry.

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