CompX International (NYSE:CIX) Cut to Buy at StockNews.com

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

CompX International Stock Down 1.1 %

Shares of CompX International stock opened at $32.28 on Thursday. The firm has a market cap of $397.69 million, a PE ratio of 21.24 and a beta of 0.75. The company’s fifty day simple moving average is $29.29 and its two-hundred day simple moving average is $26.97. CompX International has a 12-month low of $20.48 and a 12-month high of $39.91.

CompX International Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, November 29th. CompX International’s dividend payout ratio (DPR) is currently 78.95%.

Insider Transactions at CompX International

In other CompX International news, Director Mary A. Tidlund sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $29.02, for a total value of $29,020.00. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $163,963. This trade represents a 15.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC boosted its stake in shares of CompX International Inc. (NYSE:CIX) by 118.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,310 shares of the company’s stock after buying an additional 710 shares during the period. Nisa Investment Advisors LLC’s holdings in CompX International were worth $38,000 at the end of the most recent reporting period. 7.50% of the stock is currently 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.