CompX International (NYSE:CIX) Shares Down 1.3% - Time to Sell?

CompX International Inc. (NYSE:CIX - Get Free Report)'s stock price traded down 1.3% on Friday . The stock traded as low as $24.76 and last traded at $25.16. 1,824 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 10,333 shares. The stock had previously closed at $25.49.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of CompX International from a "hold" rating to a "buy" rating in a research note on Monday, May 5th.

CompX International Price Performance

The company's 50 day moving average price is $24.28 and its two-hundred day moving average price is $25.36. The stock has a market capitalization of $317.21 million, a PE ratio of 16.94 and a beta of 1.08.

CompX International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Monday, June 9th. CompX International's dividend payout ratio (DPR) is presently 82.19%.

Hedge Funds Weigh In On CompX International

A number of institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in CompX International by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,112 shares of the company's stock worth $892,000 after purchasing an additional 438 shares during the period. Rhumbline Advisers raised its stake in CompX International by 476.5% during the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company's stock worth $217,000 after purchasing an additional 6,862 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in CompX International during the fourth quarter worth about $1,642,000. 7.50% of the stock is owned by hedge funds and other 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.