GSA Capital Partners LLP Invests $401,000 in Cubic Corp. (CUB)
GSA Capital Partners LLP acquired a new position in Cubic Corp. (NYSE:CUB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,995 shares of the company’s stock, valued at approximately $401,000.
Other hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Cubic Corp. by 64.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,145 shares of the company’s stock worth $367,000 after buying an additional 3,581 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Cubic Corp. by 5.3% in the first quarter. Wellington Management Group LLP now owns 2,123,757 shares of the company’s stock worth $84,865,000 after buying an additional 107,776 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Cubic Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,551,993 shares of the company’s stock worth $62,018,000 after buying an additional 8,797 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Cubic Corp. by 7.9% in the first quarter. BlackRock Group LTD now owns 31,522 shares of the company’s stock worth $1,260,000 after buying an additional 2,316 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Cubic Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 564,175 shares of the company’s stock worth $22,544,000 after buying an additional 6,247 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.
Cubic Corp. (NYSE:CUB) traded up 1.26% during trading on Thursday, reaching $47.56. The company had a trading volume of 178,954 shares. The firm’s 50 day moving average price is $46.41 and its 200 day moving average price is $41.86. Cubic Corp. has a 12-month low of $30.11 and a 12-month high of $49.79. The firm has a market capitalization of $1.28 billion, a PE ratio of 44.12 and a beta of 1.10.
Cubic Corp. (NYSE:CUB) last announced its earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.12. Cubic Corp. had a net margin of 1.97% and a return on equity of 5.60%. The business had revenue of $375.20 million for the quarter, compared to the consensus estimate of $387.41 million. During the same period in the prior year, the business posted $0.33 EPS. Cubic Corp.’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that Cubic Corp. will post $0.92 EPS for the current year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.135 per share. This represents a dividend yield of 0.65%. The ex-dividend date was Monday, August 29th. Cubic Corp.’s dividend payout ratio is 24.77%.
A number of equities analysts have recently weighed in on the company. Needham & Company LLC upgraded Cubic Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Monday, August 1st. Canaccord Genuity restated a “buy” rating and issued a $50.00 target price on shares of Cubic Corp. in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.80.
About Cubic Corp.
Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates through three segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services).
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