CompX International (NYSE:CIX) Hits New 52-Week High – Time to Buy?

CompX International Inc. (NYSE:CIX) reached a new 52-week high during trading on Monday. The company traded as high as $40.40 and last traded at $40.7490, with a volume of 9,052 shares. The stock had previously closed at $38.70.

CompX International Price Performance

The stock has a market cap of $498.65 million, a P/E ratio of 26.48 and a beta of 0.86. The firm’s 50-day moving average price is $36.74 and its 200-day moving average price is $28.09.

CompX International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Thursday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, November 19th. CompX International’s dividend payout ratio is presently 63.49%.

Insider Activity at CompX International

In other CompX International news, Director Ann Manix sold 1,500 shares of the firm’s 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 of the company’s stock, valued at $259,740. This trade represents a 14.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. Russell Investments Group Ltd. raised its holdings in CompX International Inc. (NYSE:CIX) by 76.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,553 shares of the company’s stock after buying an additional 675 shares during the quarter. Russell Investments Group Ltd.’s holdings in CompX International were worth $58,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 7.50% of the company’s stock.

About CompX International

CompX International Inc is a diversified manufacturer of security products and marine components. The company serves original equipment manufacturers, distributors and other industrial customers through operations focused primarily on the North American market, with products also sold internationally.

CompX’s Security Products segment manufactures mechanical and electronic locks, cabinet locks, ignition switches and related access-control products. These products are used in applications including office furniture, recreational vehicles, vending equipment, postal equipment, transportation and industrial systems.