CompX International (NYSE:CIX) Shares Climb 0.5% – Here’s Why

CompX International Inc. (NYSE:CIX) shares were up 0.5% during mid-day trading on Thursday. The stock traded as high as $39.66 and last traded at $39.48. Approximately 8,717 shares changed hands during trading, an increase of 3% from the average session volume of 8,439 shares. The stock had previously closed at $39.30.

CompX International Trading Down 0.6%

The stock has a market cap of $483.80 million, a price-to-earnings ratio of 25.83 and a beta of 0.84. The firm’s 50-day moving average is $34.50 and its two-hundred day moving average is $28.09.

CompX International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 3rd. CompX International’s payout ratio is 67.04%.

Insider Transactions at CompX International

In other CompX International news, Director Ann Manix sold 1,500 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $29.60, for a total value of $44,400.00. Following the completion of the sale, the director owned 8,775 shares in the company, valued at approximately $259,740. This represents a 14.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.

CompX International Company Profile

CompX International Inc is a diversified manufacturer of security products and marine components. The company serves original equipment manufacturers, distributors and other customers through product lines designed for commercial, industrial, recreational and consumer applications.

Its security products include mechanical and electronic locks, cabinet and compartment locks, ignition switches and related security hardware. These products are used in applications such as office furniture, tool storage equipment, vending machines, recreational vehicles, transportation equipment and other specialized products.