Intrepid Capital Management Inc. increased its stake in Cubic Co. (NYSE:CUB) by 21.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,063 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,770 shares during the period. Intrepid Capital Management Inc.’s holdings in Cubic were worth $1,745,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miles Capital Inc. lifted its stake in shares of Cubic by 4.7% in the 2nd quarter. Miles Capital Inc. now owns 5,251 shares of the scientific and technical instruments company’s stock valued at $339,000 after acquiring an additional 235 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in shares of Cubic by 21.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 24,470 shares of the scientific and technical instruments company’s stock valued at $1,578,000 after acquiring an additional 4,313 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Cubic by 22.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 51,216 shares of the scientific and technical instruments company’s stock valued at $3,302,000 after acquiring an additional 9,286 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Cubic by 1.8% in the 2nd quarter. Northern Trust Corp now owns 682,788 shares of the scientific and technical instruments company’s stock valued at $44,026,000 after acquiring an additional 12,295 shares during the last quarter. Finally, GAM Holding AG bought a new stake in shares of Cubic in the 2nd quarter valued at about $1,452,000. 97.57% of the stock is owned by institutional investors.
Shares of NYSE:CUB opened at $70.92 on Friday. Cubic Co. has a 1 year low of $50.61 and a 1 year high of $76.40. The company has a market cap of $2.21 billion, a PE ratio of 110.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 1.07. The stock’s 50-day moving average is $68.29 and its 200 day moving average is $61.81.
Cubic (NYSE:CUB) last announced its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Cubic had a return on equity of 5.37% and a net margin of 1.83%. The company had revenue of $382.70 million for the quarter, compared to the consensus estimate of $345.61 million. During the same quarter in the previous year, the business earned $0.48 EPS. Cubic’s revenue was up 29.2% compared to the same quarter last year. Analysts expect that Cubic Co. will post 3.18 EPS for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were issued a dividend of $0.135 per share. The ex-dividend date was Thursday, August 29th. Cubic’s dividend payout ratio is presently 42.19%.
A number of research firms have recently weighed in on CUB. TheStreet raised Cubic from a “c” rating to a “b-” rating in a research note on Thursday, August 8th. SunTrust Banks started coverage on Cubic in a report on Thursday, September 5th. They set a “hold” rating and a $74.00 price target on the stock. ValuEngine upgraded Cubic from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research downgraded Cubic from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $74.50.
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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