Maureen Breakiron-Evans Purchases 1,665 Shares of Cubic Co. (NYSE:CUB) Stock

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Cubic Co. (NYSE:CUB) Director Maureen Breakiron-Evans acquired 1,665 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $59.96 per share, with a total value of $99,833.40. Following the transaction, the director now owns 3,406 shares of the company’s stock, valued at $204,223.76. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

CUB traded up $2.82 on Tuesday, hitting $62.58. The company had a trading volume of 451,424 shares, compared to its average volume of 276,439. The business’s fifty day simple moving average is $69.26 and its 200 day simple moving average is $66.84. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.26. Cubic Co. has a 12-month low of $50.61 and a 12-month high of $75.20. The company has a market cap of $1.86 billion, a PE ratio of 19.99 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 analysts’ consensus estimates of $1.94 by ($0.08). The company had revenue of $471.20 million for the quarter, compared to analysts’ expectations of $440.34 million. Cubic had a net margin of 3.32% and a return on equity of 6.98%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. On average, analysts anticipate that Cubic Co. will post 3.43 earnings per share for the current fiscal year.

A number of brokerages recently commented on CUB. SunTrust Banks started coverage on Cubic in a research note on Thursday, September 5th. They set a “hold” rating and a $74.00 price target for the company. Zacks Investment Research raised Cubic from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. downgraded Cubic from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $78.00 to $67.00 in a research note on Wednesday, November 27th. Needham & Company LLC decreased their price objective on Cubic from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Cubic currently has an average rating of “Buy” and a consensus price target of $75.63.

Large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in Cubic by 79.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 482 shares of the scientific and technical instruments company’s stock worth $31,000 after buying an additional 213 shares during the period. Point72 Asset Management L.P. raised its stake 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 worth $70,000 after buying an additional 800 shares during the period. Point72 Hong Kong Ltd raised its stake 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 worth $94,000 after buying an additional 599 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Cubic during the 2nd quarter valued at about $95,000. Finally, Keybank National Association OH purchased a new position in shares of Cubic during the 3rd quarter valued at about $239,000. 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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