Insider Buying: Cubic Co. (NYSE:CUB) Director Purchases 1,000 Shares of Stock

Cubic Co. (NYSE:CUB) Director David F. Melcher bought 1,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $59.88 per share, for a total transaction of $59,880.00. Following the acquisition, the director now directly owns 5,025 shares of the company’s stock, valued at approximately $300,897. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:CUB traded up $0.21 on Monday, hitting $59.76. The company had a trading volume of 359,903 shares, compared to its average volume of 275,685. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. Cubic Co. has a 52-week low of $50.61 and a 52-week high of $75.20. The business has a 50 day moving average of $69.82 and a 200 day moving average of $66.86. The company has a market cap of $1.86 billion, a PE ratio of 19.09 and a beta of 1.11.

Cubic (NYSE:CUB) last issued its quarterly earnings data on Wednesday, November 20th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.94 by ($0.08). Cubic had a net margin of 3.32% and a return on equity of 6.98%. The company had revenue of $471.20 million during the quarter, compared to analysts’ expectations of $440.34 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 24.1% compared to the same quarter last year. As a group, equities analysts predict that Cubic Co. will post 3.43 EPS for the current year.

Large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Cubic by 79.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 482 shares of the scientific and technical instruments company’s stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Cubic by 400.0% in the third quarter. Point72 Asset Management L.P. now owns 1,000 shares of the scientific and technical instruments company’s stock valued at $70,000 after acquiring an additional 800 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in shares of Cubic by 69.2% in the second quarter. Point72 Hong Kong Ltd now owns 1,464 shares of the scientific and technical instruments company’s stock valued at $94,000 after acquiring an additional 599 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Cubic in the second quarter valued at $95,000. Finally, Keybank National Association OH purchased a new stake in shares of Cubic in the third quarter valued at $239,000. Institutional investors and hedge funds own 97.60% of the company’s stock.

Several analysts have weighed in on CUB shares. ValuEngine lowered Cubic from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Needham & Company LLC lowered their target price on Cubic from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. TheStreet raised Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. SunTrust Banks started coverage on Cubic in a report on Thursday, September 5th. They issued a “hold” rating and a $74.00 target price on the stock. Finally, Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $75.63.

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).

Further Reading: Most Active Stocks

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

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.