Cubic Co.(NYSE:CUB) Director Bruce G.Blakley sold 4,282 shares of the business’s dated Thursday, March 26th.The stock was sold at an average price of $39.45, for a total value of $168,924.90.The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Cubic stock opened at $38.46 on Thursday.The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.37.The business’s 50-day simple moving average is $50.87 and its 200-day simple moving average is $63.52.The firm has a market capitalization of $1.29 billion, a PE ratio of 25.34 and a beta of 1.37.Cubic Co.
has a 52 week low of $30.86 and a 52 week high of $75.20.Cubic (NYSE:CUB) last issued its quarterly earnings results on Wednesday, February 5th.
The scientific and technical instruments company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01).Cubic had a net margin of 2.35% and a return on equity of 6.77%.
The firm had revenue of $328.84 million for the quarter, compared to the consensus estimate of $322.47 million.During the same quarter in the prior year, the firm earned ($0.23) earnings per share.
The company’s revenue was up 7.7% on a year-over-year basis.Research analysts forecast that Cubic Co.will post 3.41 earnings per share for the current year.The company also recently declared a Semi-Annual dividend, which was paid on Thursday, March 12th.
Investors of record on Monday, March 2nd were paid a dividend of $0.135 per share.The ex-dividend date was Friday, February 28th.This represents a yield of 0.4%.Cubic’s dividend payout ratio is 8.63%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock.State Street Corp increased its stake in Cubic by 8.4% during the fourth quarter.State Street Corp now owns 1,826,045 shares of the scientific and technical instruments company’s stock valued at $116,082,000 after acquiring an additional 141,497 shares during the period.River Road Asset Management LLC increased its stake in Cubic by 238.3% during the fourth quarter.
River Road Asset Management LLC now owns 1,161,957 shares of the scientific and technical instruments company’s stock valued at $73,866,000 after acquiring an additional 818,455 shares during the period.Ceredex Value Advisors LLC increased its stake in Cubic by 3.8% during the fourth quarter.Ceredex Value Advisors LLC now owns 887,481 shares of the scientific and technical instruments company’s stock valued at $56,417,000 after acquiring an additional 32,751 shares during the period.Artisan Partners Limited Partnership increased its stake in Cubic by 6.0% during the fourth quarter.Artisan Partners Limited Partnership now owns 775,760 shares of the scientific and technical instruments company’s stock valued at $49,315,000 after acquiring an additional 43,937 shares during the period.Finally, Franklin Resources Inc.increased its stake in Cubic by 3.4% during the fourth quarter.
Franklin Resources Inc.
now owns 757,211 shares of the scientific and technical instruments company’s stock valued at $48,136,000 after acquiring an additional 24,991 shares during the period.Hedge funds and other institutional investors own 97.60% of the company’s stock.A number of analysts have weighed in on CUB shares.SunTrust Banks raised Cubic from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $75.00 in a research report on Wednesday, January 8th.Zacks Investment Research raised Cubic from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, March 17th.Canaccord Genuity reiterated a “buy” rating and issued a $55.00 price objective on shares of Cubic in a research note on Friday, March 20th.
JPMorgan Chase & Co.upgraded Cubic from a “neutral” rating to an “overweight” rating and set a $67.00 price objective on the stock in a research note on Tuesday, March 10th.Finally, Needham & Company LLC dropped their price objective on Cubic from $76.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, March 20th.
One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock.The company has an average rating of “Buy” and an average target price of $62.83.About Cubic 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).Featured Story: What Are Cryptocurrencies?.