CompX International (NYSE:CIX) Stock Price Up 7.4% – Time to Buy?

CompX International Inc. (NYSE:CIX)’s share price traded up 7.4% during mid-day trading on Tuesday. The company traded as high as $42.67 and last traded at $43.59. 3,443 shares traded hands during 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 Up 4.3%

The stock has a market capitalization of $522.05 million, a price-to-earnings ratio of 27.72 and a beta of 0.86. The stock’s 50-day simple moving average is $36.92 and its 200 day simple moving average is $28.17.

CompX International Announces Dividend

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

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. IFP Advisors Inc raised its stake in CompX International Inc. (NYSE:CIX) by 95,000.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 951 shares of the company’s stock after acquiring an additional 950 shares during the quarter. IFP Advisors Inc’s holdings in CompX International were worth $36,000 as of its most recent filing with the Securities and Exchange Commission. 7.50% of the stock is owned by institutional investors.

CompX International Company Profile

CompX International Inc. is a diversified manufacturer of security products and marine components. The company serves original equipment manufacturers, distributors and other industrial customers through operations focused primarily on the North American market, with products also sold internationally. CompX’s Security Products segment manufactures mechanical and electronic locks, cabinet locks, ignition switches and related access-control products. These products are used in applications including office furniture, recreational vehicles, vending equipment, postal equipment, transportation and industrial systems.