CompX International (NYSE:CIX) Trading Down 3.1% - Should You Sell?

CompX International Inc. (NYSE:CIX - Get Free Report) traded down 3.1% on Friday . The company traded as low as $24.72 and last traded at $24.72. 5,143 shares changed hands during trading, a decline of 45% from the average session volume of 9,329 shares. The stock had previously closed at $25.50.

Analyst Ratings Changes

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

CompX International Price Performance

The firm has a market capitalization of $304.53 million, a price-to-earnings ratio of 16.26 and a beta of 1.04. The business has a fifty day moving average price of $25.27 and a two-hundred day moving average price of $24.48.

CompX International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 9th were given a dividend of $0.30 per share. The ex-dividend date was Monday, June 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.85%. CompX International's dividend payout ratio is currently 82.19%.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC boosted its holdings in shares of CompX International Inc. (NYSE:CIX - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,112 shares of the company's stock after acquiring an additional 438 shares during the quarter. Geode Capital Management LLC owned about 0.28% of CompX International worth $892,000 at the end of the most recent quarter. Institutional investors and hedge funds own 7.50% of the company's stock.

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.