CompX International (NYSE:CIX) Stock Price Down 1.7% – Here’s What Happened

Shares of CompX International Inc. (NYSE:CIX) traded down 1.7% on Tuesday . The company traded as low as $22.75 and last traded at $22.80. 16,528 shares traded hands during mid-day trading, an increase of 130% from the average session volume of 7,176 shares. The stock had previously closed at $23.19.

CompX International Trading Down 0.9%

The firm has a market capitalization of $278.38 million, a P/E ratio of 14.86 and a beta of 1.06. The firm has a 50-day moving average of $22.51 and a two-hundred day moving average of $24.11.

CompX International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Friday, November 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 annualized dividend and a yield of 5.3%. CompX International’s dividend payout ratio is presently 76.43%.

Institutional Trading of CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC lifted its position in shares of CompX International Inc. (NYSE:CIX) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,889 shares of the company’s stock after acquiring an additional 917 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of CompX International worth $954,000 at the end of the most recent reporting period. 7.50% of the stock is currently owned by institutional investors.

About CompX International

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.