BRYN MAWR TRUST Co cut its stake in shares of Cubic Co. (NYSE:CUB) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,587 shares of the scientific and technical instruments company’s stock after selling 963 shares during the period. BRYN MAWR TRUST Co owned approximately 0.32% of Cubic worth $5,163,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Intrepid Capital Management Inc. raised its stake in Cubic by 7.6% during the 3rd quarter. Intrepid Capital Management Inc. now owns 14,413 shares of the scientific and technical instruments company’s stock valued at $735,000 after acquiring an additional 1,015 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Cubic by 31.7% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,522 shares of the scientific and technical instruments company’s stock worth $267,000 after buying an additional 1,088 shares in the last quarter. American International Group Inc. raised its stake in shares of Cubic by 5.8% during the 3rd quarter. American International Group Inc. now owns 19,960 shares of the scientific and technical instruments company’s stock worth $1,018,000 after buying an additional 1,090 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Cubic by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 48,867 shares of the scientific and technical instruments company’s stock worth $2,492,000 after buying an additional 1,367 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Cubic by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 58,685 shares of the scientific and technical instruments company’s stock worth $2,993,000 after buying an additional 1,436 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. TheStreet downgraded Cubic from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Needham & Company LLC increased their target price on Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Canaccord Genuity reissued a “buy” rating and set a $64.00 target price (up from $55.00) on shares of Cubic in a research note on Tuesday, November 21st. Finally, Raymond James Financial reissued an “outperform” rating and set a $62.00 target price (down from $64.00) on shares of Cubic in a research note on Friday, January 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $61.00.
Cubic (NYSE:CUB) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.33). Cubic had a negative return on equity of 1.27% and a negative net margin of 1.21%. The business had revenue of $340.70 million for the quarter, compared to analysts’ expectations of $338.21 million. During the same period last year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. research analysts anticipate that Cubic Co. will post 1.18 earnings per share for the current year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, March 12th. Investors of record on Thursday, March 1st were paid a $0.135 dividend. This represents a yield of 0.44%. The ex-dividend date was Wednesday, February 28th. Cubic’s payout ratio is currently -40.91%.
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Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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