CompX International (NYSE:CIX) Trading Down 1.7% – Here’s What Happened

CompX International Inc. (NYSE:CIX)’s stock price was down 1.7% on Thursday . The stock traded as low as $22.84 and last traded at $23.29. Approximately 2,368 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 2,966 shares. The stock had previously closed at $23.70.

CompX International Trading Down 0.4%

The stock has a market capitalization of $285.89 million, a P/E ratio of 15.26 and a beta of 0.97. The company’s 50-day moving average is $23.60 and its two-hundred day moving average is $23.12.

CompX International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 16th were given a $0.30 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.20 annualized dividend and a yield of 5.2%. CompX International’s dividend payout ratio (DPR) is currently 75.95%.

Institutional Trading of CompX International

A hedge fund recently raised its stake in CompX International stock. Geode Capital Management LLC boosted its position in CompX International Inc. (NYSE:CIX) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,889 shares of the company’s stock after purchasing an additional 917 shares during the quarter. Geode Capital Management LLC owned about 0.29% of CompX International worth $954,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.50% of the company’s stock.

About CompX International

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.