CompX International (NYSE:CIX) Stock Price Down 5.4% - Time to Sell?

Key Points

• CompX International's stock price declined by 5.4%, trading at $25.59, following a previous close of $27.05.
• Wall Street analysts upgraded CompX International from a "hold" to a "buy" rating, indicating a favorable outlook for the stock.
• The company declared a quarterly dividend of $0.30 per share, representing an annualized yield of 4.7% and a payout ratio of 79.47%.

CompX International Inc. (NYSE:CIX - Get Free Report) fell 5.4% during mid-day trading on Thursday . The stock traded as low as $25.59 and last traded at $25.59. 7,505 shares changed hands during trading, an increase of 3% from the average session volume of 7,253 shares. The stock had previously closed at $27.05.

Wall Street Analysts Forecast Growth

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

CompX International Trading Down 5.4%

The business has a 50 day moving average of $25.82 and a 200-day moving average of $24.66. The stock has a market cap of $315.35 million, a PE ratio of 16.84 and a beta of 1.05.

CompX International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 5th. CompX International's dividend payout ratio is currently 79.47%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CompX International stock. Geode Capital Management LLC grew its holdings in shares of CompX International Inc. (NYSE:CIX - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,112 shares of the company's stock after purchasing an additional 438 shares during the quarter. Geode Capital Management LLC owned approximately 0.28% of CompX International worth $892,000 at the end of the most recent quarter. 7.50% of the stock is currently owned by institutional investors.

About CompX International

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.

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