CompX International (NYSE:CIX) Trading Up 0.7% – Should You Buy?

CompX International Inc. (NYSE:CIX) shot up 0.7% on Thursday . The stock traded as high as $26.12 and last traded at $26.12. 2,116 shares changed hands during trading, a decline of 43% from the average daily volume of 3,743 shares. The stock had previously closed at $25.94.

CompX International Stock Performance

The stock has a fifty day simple moving average of $24.82 and a two-hundred day simple moving average of $23.95. The stock has a market cap of $321.88 million, a price-to-earnings ratio of 17.18 and a beta of 0.90.

CompX International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Thursday, June 4th. CompX International’s dividend payout ratio is currently 73.17%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CompX International stock. Geode Capital Management LLC grew its holdings in shares of CompX International Inc. (NYSE:CIX) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,889 shares of the company’s stock after acquiring an additional 917 shares during the quarter. Geode Capital Management LLC owned 0.29% of CompX International worth $954,000 at the end of the most recent quarter. 7.50% of the stock is 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.