CompX International (NYSE:CIX) Rating Increased 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 research report report published on Thursday morning.

CompX International Stock Down 3.3 %

NYSE:CIX opened at $25.90 on Thursday. The firm has a market capitalization of $318.93 million, a P/E ratio of 15.70 and a beta of 0.76. The company has a fifty day moving average of $23.78 and a 200 day moving average of $26.80. CompX International has a 52 week low of $17.39 and a 52 week high of $39.91.

CompX International Dividend Announcement

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

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its holdings in CompX International Inc. (NYSE:CIX) by 998.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,471 shares of the company’s stock after buying an additional 4,973 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 at the end of the most recent quarter. Institutional investors own 7.50% of the company’s stock.

About CompX International

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.