CompX International (NYSE:CIX) Trading Down 1.7% - Here's What Happened

Key Points

• CompX International shares fell 1.7% mid-day to $23.29 (low $22.84) on volume of 2,368 shares, about 20% below its average session volume.
• The company recently paid a quarterly dividend of $0.30 (annualized $1.20), representing a 5.2% dividend yield with a payout ratio of about 75.95% (ex-dividend date March 16).
• CompX has a market capitalization of $287 million and a P/E of 15.32, and institutional ownership is low (~7.5%) after Russell Investments added a new ~4,386-share stake (~$103,000).

CompX International Inc. (NYSE:CIX - Get Free Report)'s stock price fell 1.7% during mid-day trading on Thursday . The company traded as low as $22.84 and last traded at $23.29. 2,368 shares were traded during trading, a decline of 20% from the average session volume of 2,966 shares. The stock had previously closed at $23.70.

CompX International Stock Performance

The company has a market capitalization of $287.00 million, a P/E ratio of 15.32 and a beta of 0.97. The business has a 50 day moving average of $23.61 and a 200-day moving average of $23.13.

CompX International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, March 16th. CompX International's payout ratio is presently 75.95%.

Institutional Trading of CompX International

An institutional investor recently bought a new position in CompX International stock. Russell Investments Group Ltd. acquired a new stake in shares of CompX International Inc. (NYSE:CIX - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 4,386 shares of the company's stock, valued at approximately $103,000. 7.50% of the stock is currently owned by institutional investors.

CompX International Company Profile

CompX International Inc is a U.S.-based manufacturer specializing in security and specialty products for industrial, residential and marine markets. Headquartered in Dallas, Texas, the company designs, engineers and assembles a broad range of hardware solutions that combine durable materials with precision components. Its product portfolio caters to original equipment manufacturers (OEMs), distributors and retail outlets, positioning CompX as a key supplier across multiple end-use sectors.

The company's Security Products segment offers mechanical and electronic locking solutions, door and cabinet hardware, and cam-action assemblies.

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