CompX International (NYSE:CIX) Stock Jumps 1.5% - Time to Buy?

Key Points

• CompX International shares rose 1.5% to $36.23 in mid-day trading, with volume up 54% from the average session. The company has a $446.46 million market capitalization and trades at a P/E ratio of 23.84.
• The company paid a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 3.3% yield; its dividend payout ratio is 67.04%.
• Insider ownership is limited at 0.43%, while institutional investors own 7.50%. Director Ann Manix sold 1,500 shares, and IFP Advisors increased its holdings by 950 shares during the third quarter.

CompX International Inc. (NYSE:CIX - Get Free Report) rose 1.5% during mid-day trading on Friday. The stock traded as high as $37.35 and last traded at $36.23. 13,712 shares were traded during mid-day trading, an increase of 54% from the average session volume of 8,919 shares. The stock had previously closed at $35.68.

CompX International Stock Performance

The firm has a market capitalization of $446.46 million, a P/E ratio of 23.84 and a beta of 0.84. The firm has a 50 day moving average price of $36.21 and a two-hundred day moving average price of $27.75.

CompX International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, September 3rd. CompX International's dividend payout ratio (DPR) is 67.04%.

Insider Transactions at CompX International

In other news, Director Ann Manix sold 1,500 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $29.60, for a total value of $44,400.00. Following the sale, the director directly owned 8,775 shares of the company's stock, valued at approximately $259,740. This trade represents a 14.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.43% of the company's stock.

Institutional Trading of CompX International

A hedge fund recently raised its position in CompX International stock. IFP Advisors Inc raised its holdings in CompX International Inc. (NYSE:CIX - Free Report) by 95,000.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 951 shares of the company's stock after buying an additional 950 shares during the quarter. IFP Advisors Inc's holdings in CompX International were worth $36,000 as of its most recent SEC filing. 7.50% of the stock is currently owned by hedge funds and other institutional investors.

CompX International Company Profile

CompX International Inc is a diversified manufacturer of security products and marine components. The company serves original equipment manufacturers, distributors and other industrial customers through operations focused primarily on the North American market, with products also sold internationally.

CompX's Security Products segment manufactures mechanical and electronic locks, cabinet locks, ignition switches and related access-control products. These products are used in applications including office furniture, recreational vehicles, vending equipment, postal equipment, transportation and industrial systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.