CompX International (NYSE:CIX) Upgraded at StockNews.com

StockNews.com upgraded shares of CompX International (NYSE:CIX) from a buy rating to a strong-buy rating in a research note published on Thursday morning.

CompX International Stock Down 3.3 %

Shares of NYSE CIX opened at $25.90 on Thursday. The firm has a market cap of $318.93 million, a PE ratio of 15.70 and a beta of 0.76. The company’s fifty day simple moving average is $23.78 and its 200 day simple moving average is $26.80. CompX International has a 12-month low of $17.39 and a 12-month high of $39.91.

CompX International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, September 6th will be paid a $2.00 dividend. The ex-dividend date is Friday, September 6th. This represents a $8.00 annualized dividend and a dividend yield of 30.89%. CompX International’s dividend payout ratio is presently 72.73%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets grew its position in shares of CompX International Inc. (NYSE:CIX) by 998.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,471 shares of the company’s stock after acquiring an additional 4,973 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 as of its most recent filing with the Securities & Exchange Commission. 7.50% of the stock is 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.