Stone Ridge Asset Management LLC increased its stake in Cubic Co. (NYSE:CUB) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,550 shares of the scientific and technical instruments company’s stock after acquiring an additional 847 shares during the period. Stone Ridge Asset Management LLC’s holdings in Cubic were worth $459,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CUB. Penserra Capital Management LLC bought a new position in shares of Cubic in the fourth quarter valued at approximately $29,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Cubic in the fourth quarter valued at approximately $76,000. Bank of Montreal Can boosted its holdings in shares of Cubic by 10.1% in the fourth quarter. Bank of Montreal Can now owns 1,973 shares of the scientific and technical instruments company’s stock valued at $106,000 after acquiring an additional 181 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Cubic by 211.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the scientific and technical instruments company’s stock valued at $127,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Cubic in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Shares of NYSE:CUB opened at $54.71 on Thursday. The company has a market cap of $1.72 billion, a P/E ratio of 85.48 and a beta of 1.23. Cubic Co. has a 1-year low of $50.61 and a 1-year high of $77.35. The company has a quick ratio of 1.78, a current ratio of 2.06 and a debt-to-equity ratio of 0.23.

Cubic (NYSE:CUB) last issued its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.10). The business had revenue of $305.30 million for the quarter, compared to the consensus estimate of $288.55 million. Cubic had a return on equity of 2.30% and a net margin of 1.23%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.36) earnings per share. As a group, sell-side analysts anticipate that Cubic Co. will post 1.52 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, March 12th. Investors of record on Friday, March 1st were paid a $0.135 dividend. This represents a yield of 0.44%. The ex-dividend date of this dividend was Thursday, February 28th. Cubic’s dividend payout ratio is 42.19%.

A number of analysts recently weighed in on CUB shares. Drexel Hamilton restated a “buy” rating and set a $85.00 target price on shares of Cubic in a report on Thursday, February 7th. Needham & Company LLC reduced their target price on shares of Cubic from $80.00 to $77.00 and set a “buy” rating for the company in a report on Monday, December 3rd. Citigroup started coverage on shares of Cubic in a report on Friday, February 15th. They set a “buy” rating and a $75.00 target price for the company. ValuEngine cut shares of Cubic from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, JPMorgan Chase & Co. upgraded shares of Cubic from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $75.00 to $73.00 in a report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.34.

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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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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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