Cubic Co. (NYSE:CUB) CFO Anshooman Aga purchased 400 shares of Cubic stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of $59.54 per share, with a total value of $23,816.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
CUB stock traded up $0.21 during mid-day trading on Monday, hitting $59.76. 359,903 shares of the company were exchanged, compared to its average volume of 275,685. The business has a 50 day simple moving average of $69.26 and a 200-day simple moving average of $66.84. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.86 billion, a PE ratio of 19.09 and a beta of 1.11. Cubic Co. has a 1-year low of $50.61 and a 1-year high of $75.20.
Cubic (NYSE:CUB) last issued its quarterly earnings data on Wednesday, November 20th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.94 by ($0.08). The company had revenue of $471.20 million for the quarter, compared to analyst estimates of $440.34 million. Cubic had a return on equity of 6.98% and a net margin of 3.32%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. Equities research analysts expect that Cubic Co. will post 3.43 earnings per share for the current year.
A number of equities analysts recently commented on the company. TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. cut Cubic from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $78.00 to $67.00 in a report on Wednesday, November 27th. SunTrust Banks assumed coverage on Cubic in a report on Thursday, September 5th. They set a “hold” rating and a $74.00 price target for the company. Zacks Investment Research upgraded Cubic from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Needham & Company LLC reduced their price target on Cubic from $80.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.63.
A number of hedge funds have recently modified their holdings of CUB. State Street Corp lifted its position in Cubic by 10.6% during the third quarter. State Street Corp now owns 1,684,548 shares of the scientific and technical instruments company’s stock worth $118,643,000 after acquiring an additional 161,075 shares during the last quarter. Invesco Ltd. lifted its position in Cubic by 29.8% during the second quarter. Invesco Ltd. now owns 585,808 shares of the scientific and technical instruments company’s stock worth $37,772,000 after acquiring an additional 134,663 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Cubic during the second quarter worth approximately $8,391,000. Morgan Stanley lifted its position in Cubic by 1,547.9% during the second quarter. Morgan Stanley now owns 131,964 shares of the scientific and technical instruments company’s stock worth $8,509,000 after acquiring an additional 123,956 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Cubic by 81.1% during the second quarter. Pinnacle Associates Ltd. now owns 258,097 shares of the scientific and technical instruments company’s stock worth $16,642,000 after acquiring an additional 115,566 shares during the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.
Cubic Company Profile
Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).
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