CompX International (NYSE:CIX) Shares Down 1.1% – What’s Next?

CompX International Inc. (NYSE:CIX) shares fell 1.1% on Friday . The stock traded as low as $23.83 and last traded at $24.01. 4,549 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 10,241 shares. The stock had previously closed at $24.27.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of CompX International from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 5th.

CompX International Trading Down 1.1 %

The stock has a market capitalization of $295.78 million, a PE ratio of 15.80 and a beta of 0.76. The company’s 50-day moving average is $28.22 and its 200 day moving average is $27.58.

CompX International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Friday, November 29th. CompX International’s dividend payout ratio is presently 78.95%.

Insiders Place Their Bets

In other news, Director Mary A. Tidlund sold 1,000 shares of CompX International stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $163,963. The trade was a 15.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its holdings in shares of CompX International Inc. (NYSE:CIX) by 243.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,987 shares of the company’s stock after purchasing an additional 1,408 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $58,000 at the end of the most recent quarter. 7.50% of the stock is owned by institutional investors.

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.