Insider Buying: Cubic Co. (NYSE:CUB) CFO Purchases 400 Shares of Stock

Cubic Co. (NYSE:CUB) CFO Anshooman Aga acquired 400 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were bought at an average price of $59.54 per share, for a total transaction of $23,816.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE CUB traded up $0.21 during trading on Monday, hitting $59.76. 359,903 shares of the company traded hands, compared to its average volume of 275,685. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.37. Cubic Co. has a fifty-two week low of $50.61 and a fifty-two week high of $75.20. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.09 and a beta of 1.11. The business’s fifty day moving average is $69.26 and its 200 day moving average is $66.84.

Cubic (NYSE:CUB) last posted its earnings results on Wednesday, November 20th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.94 by ($0.08). Cubic had a return on equity of 6.98% and a net margin of 3.32%. The business had revenue of $471.20 million during the quarter, compared to analyst estimates of $440.34 million. During the same quarter in the prior year, the company earned $0.80 EPS. The company’s revenue was up 24.1% on a year-over-year basis. On average, analysts predict that Cubic Co. will post 3.43 EPS for the current year.

CUB has been the topic of several research reports. TheStreet upgraded shares of Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. Zacks Investment Research upgraded shares of Cubic from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. ValuEngine lowered shares of Cubic from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Needham & Company LLC dropped their price objective on shares of Cubic from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lowered shares of Cubic from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $78.00 to $67.00 in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Cubic has a consensus rating of “Buy” and an average price target of $75.63.

Several institutional investors and hedge funds have recently bought and sold shares of CUB. Oregon Public Employees Retirement Fund lifted its holdings in shares of Cubic by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,263 shares of the scientific and technical instruments company’s stock worth $726,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Cubic by 0.6% in the second quarter. Arizona State Retirement System now owns 44,465 shares of the scientific and technical instruments company’s stock worth $2,867,000 after buying an additional 256 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Cubic by 453.8% in the second quarter. Virginia Retirement Systems ET AL now owns 21,600 shares of the scientific and technical instruments company’s stock worth $1,393,000 after buying an additional 17,700 shares in the last quarter. Skylands Capital LLC purchased a new stake in Cubic during the second quarter valued at $306,000. Finally, Roubaix Capital LLC raised its stake in Cubic by 59.4% during the second quarter. Roubaix Capital LLC now owns 104,358 shares of the scientific and technical instruments company’s stock valued at $6,729,000 after purchasing an additional 38,890 shares in the last quarter. Institutional investors own 97.60% of the company’s stock.

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

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Insider Buying and Selling by Quarter for Cubic (NYSE:CUB)

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