Cubic Co. (NYSE:CUB) Director Edwin A. Guiles acquired 1,000 shares of Cubic stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $62.28 per share, with a total value of $62,280.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CUB stock traded down $0.12 during midday trading on Friday, hitting $61.88. The stock had a trading volume of 510,731 shares, compared to its average volume of 265,607. The stock has a market cap of $1.97 billion, a P/E ratio of 96.69 and a beta of 1.20. Cubic Co. has a 52 week low of $50.61 and a 52 week high of $77.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 1.12.
Cubic (NYSE:CUB) last issued its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.44. The firm had revenue of $337.30 million during the quarter, compared to analysts’ expectations of $326.88 million. Cubic had a return on equity of 3.44% and a net margin of 0.62%. Cubic’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. Equities research analysts anticipate that Cubic Co. will post 3.34 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new position in Cubic during the fourth quarter worth $29,000. Parallel Advisors LLC acquired a new position in Cubic during the first quarter worth $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Cubic during the fourth quarter worth $76,000. Bank of Montreal Can raised its stake in Cubic by 10.1% during the fourth quarter. Bank of Montreal Can now owns 1,973 shares of the scientific and technical instruments company’s stock worth $106,000 after acquiring an additional 181 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cubic by 32.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,389 shares of the scientific and technical instruments company’s stock worth $134,000 after acquiring an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
Several research analysts recently commented on CUB shares. Zacks Investment Research cut Cubic from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Drexel Hamilton reaffirmed a “buy” rating and issued a $85.00 target price on shares of Cubic in a research report on Thursday, February 7th. ValuEngine cut Cubic from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Citigroup started coverage on Cubic in a research report on Friday, February 15th. They issued a “buy” rating and a $75.00 target price for the company. Finally, Canaccord Genuity reduced their target price on Cubic from $74.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Cubic currently has a consensus rating of “Buy” and an average price target of $73.72.
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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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