CompX International (NYSE:CIX) Trading 3.3% Higher - Still a Buy?

Shares of CompX International Inc. (NYSE:CIX - Get Free Report) were up 3.3% on Thursday . The stock traded as high as $25.87 and last traded at $25.87. Approximately 888 shares changed hands during trading, a decline of 91% from the average daily volume of 9,359 shares. The stock had previously closed at $25.05.

Analyst Upgrades and Downgrades

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

CompX International Price Performance

The stock has a market capitalization of $327.32 million, a PE ratio of 17.48 and a beta of 1.04. The stock's 50 day moving average is $25.45 and its two-hundred day moving average is $24.64.

CompX International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 9th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend was Monday, June 9th. CompX International's dividend payout ratio (DPR) is currently 82.19%.

Institutional Trading of CompX International

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in CompX International by 476.5% in the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company's stock valued at $217,000 after acquiring an additional 6,862 shares during the period. Geode Capital Management LLC increased its holdings in shares of CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company's stock worth $892,000 after buying an additional 438 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in CompX International in the fourth quarter valued at approximately $1,642,000. Institutional investors and hedge funds own 7.50% of the company's stock.

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.