CompX International (NYSE:CIX) Trading Down 0.2% – Here’s Why

CompX International Inc. (NYSE:CIX)’s stock price fell 0.2% on Friday . The company traded as low as $28.31 and last traded at $28.31. Approximately 4,131 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 3,908 shares. The stock had previously closed at $28.38.

CompX International Trading Down 0.2%

The firm has a market cap of $348.86 million, a price-to-earnings ratio of 18.63 and a beta of 0.90. The stock has a fifty day moving average price of $25.83 and a 200 day moving average price of $24.35.

CompX International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. CompX International’s dividend payout ratio is presently 73.17%.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC grew its position in CompX International Inc. (NYSE:CIX) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,889 shares of the company’s stock after purchasing an additional 917 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of CompX International worth $954,000 as of its most recent SEC filing. 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.