Bradley H. Feldmann Acquires 427 Shares of Cubic Co. (CUB) Stock

Cubic Co. (NYSE:CUB) CEO Bradley H. Feldmann bought 427 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $58.34 per share, for a total transaction of $24,911.18. Following the acquisition, the chief executive officer now directly owns 46,076 shares of the company’s stock, valued at approximately $2,688,073.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NYSE CUB traded up $1.10 during trading on Friday, reaching $59.64. 201,916 shares of the company’s stock were exchanged, compared to its average volume of 212,252. The company has a market cap of $1.82 billion, a PE ratio of 93.19 and a beta of 1.20. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. Cubic Co. has a fifty-two week low of $50.61 and a fifty-two week high of $77.35.

Cubic (NYSE:CUB) last announced its quarterly earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.44. The firm had revenue of $337.30 million for the quarter, compared to the consensus estimate of $326.88 million. Cubic had a return on equity of 3.44% and a net margin of 0.62%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. As a group, research analysts anticipate that Cubic Co. will post 3.34 EPS for the current fiscal year.

CUB has been the topic of several analyst reports. Citigroup initiated coverage on Cubic in a report on Friday, February 15th. They set a “buy” rating and a $75.00 target price on the stock. Zacks Investment Research lowered Cubic from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Drexel Hamilton reiterated a “buy” rating and set a $85.00 target price on shares of Cubic in a report on Thursday, February 7th. ValuEngine lowered Cubic from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Canaccord Genuity dropped their target price on Cubic from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.34.

A number of hedge funds and other institutional investors have recently made changes to their positions in CUB. BlackRock Inc. increased its position in Cubic by 14.0% during the fourth quarter. BlackRock Inc. now owns 5,097,799 shares of the scientific and technical instruments company’s stock worth $273,956,000 after buying an additional 626,175 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Cubic by 68.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,150,000 shares of the scientific and technical instruments company’s stock worth $61,801,000 after buying an additional 468,000 shares during the last quarter. FMR LLC increased its position in Cubic by 25,700.1% during the fourth quarter. FMR LLC now owns 234,007 shares of the scientific and technical instruments company’s stock worth $12,576,000 after buying an additional 233,100 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Cubic by 5,021.9% during the first quarter. PNC Financial Services Group Inc. now owns 215,735 shares of the scientific and technical instruments company’s stock worth $12,132,000 after buying an additional 211,523 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Cubic by 81.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 432,769 shares of the scientific and technical instruments company’s stock worth $24,339,000 after buying an additional 194,917 shares during the last quarter. 96.41% of the stock is currently owned by hedge funds and other institutional investors.

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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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