Barrow Hanley Mewhinney & Strauss LLC Has $3.04 Million Stake in Cubic Co. (NYSE:CUB)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in Cubic Co. (NYSE:CUB) by 26.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,603 shares of the scientific and technical instruments company’s stock after selling 20,815 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.18% of Cubic worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CUB. BlackRock Inc. raised its position in shares of Cubic by 14.0% during the 4th quarter. BlackRock Inc. now owns 5,097,799 shares of the scientific and technical instruments company’s stock worth $273,956,000 after acquiring an additional 626,175 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Cubic by 68.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,150,000 shares of the scientific and technical instruments company’s stock worth $61,801,000 after acquiring an additional 468,000 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Cubic by 54.5% during the 4th quarter. River Road Asset Management LLC now owns 370,350 shares of the scientific and technical instruments company’s stock worth $19,903,000 after acquiring an additional 130,565 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Cubic by 76.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 221,396 shares of the scientific and technical instruments company’s stock worth $11,788,000 after acquiring an additional 96,180 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cubic during the 3rd quarter worth about $6,010,000. 94.57% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on CUB. Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Canaccord Genuity cut their target price on Cubic from $74.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. ValuEngine lowered Cubic from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Citigroup initiated coverage on Cubic in a research note on Friday, February 15th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Drexel Hamilton restated a “buy” rating and set a $85.00 price target on shares of Cubic in a research note on Thursday, February 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $73.01.

NYSE:CUB traded up $0.89 during mid-day trading on Friday, reaching $54.32. 219,406 shares of the stock were exchanged, compared to its average volume of 156,639. The company has a market capitalization of $1.69 billion, a PE ratio of 84.88 and a beta of 1.22. The company has a quick ratio of 1.78, a current ratio of 2.06 and a debt-to-equity ratio of 0.23. Cubic Co. has a 1 year low of $50.61 and a 1 year high of $77.35.

Cubic (NYSE:CUB) last released its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The firm had revenue of $305.30 million for the quarter, compared to analysts’ expectations of $288.55 million. Cubic had a return on equity of 2.30% and a net margin of 1.23%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.36) EPS. As a group, sell-side analysts anticipate that Cubic Co. will post 1.52 EPS for the current fiscal year.

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Cubic 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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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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