Insider Buying: Cubic Co. (CUB) CFO Acquires 300 Shares of Stock

Cubic Co. (NYSE:CUB) CFO Anshooman Aga acquired 300 shares of the stock in a transaction dated Thursday, December 6th. The shares were bought at an average price of $54.40 per share, with a total value of $16,320.00. Following the completion of the transaction, the chief financial officer now directly owns 1,453 shares of the company’s stock, valued at $79,043.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CUB stock opened at $55.13 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 86.14 and a beta of 1.09. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. Cubic Co. has a fifty-two week low of $52.25 and a fifty-two week high of $77.35.

Cubic (NYSE:CUB) last issued its earnings results on Thursday, November 15th. The scientific and technical instruments company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.27). The business had revenue of $379.71 million during the quarter, compared to the consensus estimate of $360.27 million. Cubic had a return on equity of 2.79% and a net margin of 0.95%. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, research analysts anticipate that Cubic Co. will post 2.4 earnings per share for the current year.

A number of equities analysts have recently issued reports on CUB shares. Zacks Investment Research downgraded Cubic from a “hold” rating to a “strong sell” rating in a research report on Monday, August 13th. Needham & Company LLC upgraded Cubic from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, November 16th. JPMorgan Chase & Co. upgraded Cubic from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $75.00 to $73.00 in a research report on Friday, November 30th. Drexel Hamilton set a $85.00 price objective on Cubic and gave the stock a “buy” rating in a research report on Thursday, November 15th. Finally, ValuEngine downgraded Cubic from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Cubic currently has a consensus rating of “Buy” and a consensus price target of $74.50.

A number of hedge funds have recently modified their holdings of CUB. Principal Financial Group Inc. increased its holdings in Cubic by 2.5% in the first quarter. Principal Financial Group Inc. now owns 191,967 shares of the scientific and technical instruments company’s stock worth $12,209,000 after purchasing an additional 4,656 shares in the last quarter. Aperio Group LLC increased its holdings in Cubic by 69.9% in the second quarter. Aperio Group LLC now owns 7,932 shares of the scientific and technical instruments company’s stock worth $509,000 after purchasing an additional 3,262 shares in the last quarter. TD Asset Management Inc. increased its holdings in Cubic by 79.3% in the second quarter. TD Asset Management Inc. now owns 34,600 shares of the scientific and technical instruments company’s stock worth $2,221,000 after purchasing an additional 15,300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Cubic in the second quarter worth approximately $340,000. Finally, SG Americas Securities LLC increased its holdings in Cubic by 33.9% in the second quarter. SG Americas Securities LLC now owns 12,716 shares of the scientific and technical instruments company’s stock worth $816,000 after purchasing an additional 3,217 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

WARNING: This piece of content was reported by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/12/08/insider-buying-cubic-co-cub-cfo-acquires-300-shares-of-stock.html.

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 four segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems), Cubic Mission Solutions (CMS), and Cubic Global Defense Services (CGD Services).

Recommended Story: How is an ETF different from a mutual fund?

Receive News & Ratings for Cubic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply