CompX International (NYSE:CIX) Trading Down 6.4% – What’s Next?

CompX International Inc. (NYSE:CIX)’s share price fell 6.4% during mid-day trading on Thursday . The stock traded as low as $24.23 and last traded at $24.23. 3,847 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 3,068 shares. The stock had previously closed at $25.90.

CompX International Stock Down 6.4%

The firm has a fifty day moving average of $23.67 and a 200-day moving average of $23.43. The firm has a market cap of $298.59 million, a P/E ratio of 15.94 and a beta of 0.90.

CompX International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Thursday, June 4th will be issued a $0.30 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.20 annualized dividend and a yield of 5.0%. CompX International’s dividend payout ratio (DPR) is currently 73.17%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC boosted its position in CompX International Inc. (NYSE:CIX) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,092 shares of the company’s stock after acquiring an additional 1,217 shares during the period. Geode Capital Management LLC owned 0.30% of CompX International worth $863,000 at the end of the most recent quarter. Institutional investors and hedge funds own 7.50% of the company’s stock.

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.