Cubic Co. (CUB) Director Buys $301,250.00 in Stock

Cubic Co. (NYSE:CUB) Director John H. Warner, Jr. purchased 5,000 shares of Cubic stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $60.25 per share, with a total value of $301,250.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CUB opened at $60.60 on Tuesday. The stock has a market cap of $1.82 billion, a P/E ratio of 94.69 and a beta of 1.20. 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 Co. has a fifty-two week low of $50.61 and a fifty-two week high of $77.35.

Cubic (NYSE:CUB) last issued its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.44. The firm had revenue of $337.30 million during the quarter, compared to analyst estimates of $326.88 million. Cubic had a net margin of 0.62% and a return on equity of 3.44%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.12) earnings per share. Analysts predict that Cubic Co. will post 3.34 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Cubic from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Raymond James upgraded shares of Cubic from an “outperform” rating to a “strong-buy” rating and set a $82.00 price target for the company in a research report on Monday. Drexel Hamilton restated a “buy” rating and set a $85.00 price target on shares of Cubic in a research report on Thursday, February 7th. Zacks Investment Research upgraded shares of Cubic from a “sell” rating to a “strong-buy” rating and set a $68.00 price target for the company in a research report on Wednesday, May 8th. Finally, Citigroup assumed coverage on shares of Cubic in a research report on Friday, February 15th. They set a “buy” rating and a $75.00 price target for the company. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.72.

A number of large investors have recently modified their holdings of CUB. Penserra Capital Management LLC bought a new position in Cubic during the fourth quarter worth about $29,000. Parallel Advisors LLC bought a new position in Cubic during the first quarter worth about $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Cubic during the fourth quarter worth about $76,000. Bank of Montreal Can boosted its position 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 purchasing an additional 181 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 583 shares during the period. Hedge funds and other institutional investors own 96.41% of the company’s stock.

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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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