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

StockNews.com upgraded shares of CompX International (NYSE:CIX) from a hold rating to a buy rating in a report issued on Monday.

CompX International Stock Down 2.2 %

CIX stock opened at $25.91 on Monday. The company has a 50 day moving average of $23.15 and a two-hundred day moving average of $25.76. The company has a market cap of $319.19 million, a price-to-earnings ratio of 17.05 and a beta of 1.08. CompX International has a 12-month low of $17.89 and a 12-month high of $36.10.

CompX International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a yield of 4.63%. CompX International’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Investors Weigh In On CompX International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in CompX International by 476.5% in the fourth quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock worth $217,000 after buying an additional 6,862 shares during the last quarter. Geode Capital Management LLC grew its position in CompX International by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock worth $892,000 after acquiring an additional 438 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of CompX International during the 4th quarter worth $1,642,000. 7.50% of the stock is owned by hedge funds and other institutional investors.

CompX International Company Profile

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.