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

CompX International Inc. (NYSE:CIX) shares hit a new 52-week high on Monday. The stock 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 Stock Up 4.6%

The company has a market cap of $498.65 million, a PE ratio of 26.48 and a beta of 0.86. The stock has a 50-day moving average of $36.74 and a 200-day moving average of $28.09.

CompX International Dividend Announcement

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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, November 19th. CompX International’s dividend payout ratio is presently 63.49%.

Insiders Place Their Bets

In other CompX International news, Director Ann Manix sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $29.60, for a total transaction of $44,400.00. Following the completion of the transaction, the director owned 8,775 shares of the company’s stock, valued at approximately $259,740. This trade represents a 14.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Russell Investments Group Ltd. raised its stake in shares of CompX International Inc. (NYSE:CIX) by 76.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,553 shares of the company’s stock after buying an additional 675 shares during the period. Russell Investments Group Ltd.’s holdings in CompX International were worth $58,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.