Legal & General Group Plc boosted its position in shares of Cubic Co. (NYSE:CUB) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,298 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,002 shares during the quarter. Legal & General Group Plc owned about 0.20% of Cubic worth $3,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CUB. SG Americas Securities LLC boosted its stake in shares of Cubic by 15.7% in the 1st quarter. SG Americas Securities LLC now owns 9,499 shares of the scientific and technical instruments company’s stock valued at $604,000 after purchasing an additional 1,288 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Cubic by 2.1% in the 1st quarter. Prudential Financial Inc. now owns 42,496 shares of the scientific and technical instruments company’s stock valued at $2,703,000 after purchasing an additional 870 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Cubic by 3.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 210,905 shares of the scientific and technical instruments company’s stock valued at $13,414,000 after purchasing an additional 6,179 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cubic by 8.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 16,855 shares of the scientific and technical instruments company’s stock valued at $1,072,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Cubic in the 1st quarter valued at about $393,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Mark Harrison sold 1,000 shares of Cubic stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $73.69, for a total transaction of $73,690.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David H. Buss sold 2,917 shares of Cubic stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $74.00, for a total transaction of $215,858.00. The disclosure for this sale can be found here. 7.90% of the stock is owned by company insiders.

Several research analysts have recently issued reports on CUB shares. Canaccord Genuity raised their target price on shares of Cubic from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. JPMorgan Chase & Co. raised their target price on shares of Cubic from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, June 15th. Zacks Investment Research raised shares of Cubic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine raised shares of Cubic from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $85.00 target price on shares of Cubic in a research note on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cubic has a consensus rating of “Buy” and a consensus target price of $71.00.

Cubic stock opened at $71.35 on Thursday. Cubic Co. has a fifty-two week low of $50.45 and a fifty-two week high of $77.35. The company has a market cap of $1.97 billion, a P/E ratio of 185.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 2.22.

Cubic (NYSE:CUB) last released its quarterly earnings data on Wednesday, August 8th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). Cubic had a return on equity of 1.54% and a net margin of 0.57%. The firm had revenue of $296.21 million for the quarter, compared to the consensus estimate of $280.33 million. During the same period in the previous year, the business earned ($2.89) EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. analysts expect that Cubic Co. will post 1.1 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Monday, September 10th. Investors of record on Thursday, August 30th were paid a dividend of $0.135 per share. This represents a yield of 0.4%. The ex-dividend date was Wednesday, August 29th. Cubic’s payout ratio is -65.85%.

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

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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