CompX International (NYSE:CIX) Trading Up 1.3% - Time to Buy?

Key Points

• Shares rose 1.3%: CompX traded up to $23.05 (intraday high $23.19) on Thursday with 2,687 shares changing hands, about 12% below its average session volume.
• Generous dividend: The company paid a $0.30 quarterly dividend (ex-/record date March 16), implying a $1.20 annualized payout and a 5.2% yield with a payout ratio near 75.95%.
• Institutional interest: Russell Investments opened a new stake of 4,386 shares (~$103,000), and hedge funds/institutions own roughly 7.5% of the stock; CompX has a market cap of ~$284 million and a P/E of ~15.2.

Shares of CompX International Inc. (NYSE:CIX - Get Free Report) shot up 1.3% during trading on Thursday . The stock traded as high as $23.19 and last traded at $23.05. 2,687 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 3,058 shares. The stock had previously closed at $22.75.

CompX International Trading Up 1.3%

The stock's 50-day moving average is $23.74 and its two-hundred day moving average is $23.21. The company has a market capitalization of $284.05 million, a PE ratio of 15.16 and a beta of 1.07.

CompX International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 16th were paid a $0.30 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. CompX International's dividend payout ratio (DPR) is 75.95%.

Institutional Investors Weigh In On CompX International

A hedge fund recently bought a new stake in CompX International stock. Russell Investments Group Ltd. purchased a new stake in CompX International Inc. (NYSE:CIX - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,386 shares of the company's stock, valued at approximately $103,000. 7.50% of the stock is currently owned by hedge funds and other 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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