Dimensional Fund Advisors LP Has $55,666,000 Stake in Cubic Corp. (CUB)
Dimensional Fund Advisors LP boosted its stake in Cubic Corp. (NYSE:CUB) by 15.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,386,113 shares of the company’s stock after buying an additional 188,029 shares during the period. Dimensional Fund Advisors LP owned 5.14% of Cubic Corp. worth $55,666,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CUB. Wellington Management Group LLP raised its stake in Cubic Corp. by 5.3% in the first quarter. Wellington Management Group LLP now owns 2,123,757 shares of the company’s stock valued at $84,865,000 after buying an additional 107,776 shares during the period. BlackRock Fund Advisors raised its stake in Cubic Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,551,993 shares of the company’s stock valued at $62,018,000 after buying an additional 8,797 shares during the period. Franklin Resources Inc. raised its stake in Cubic Corp. by 677.8% in the first quarter. Franklin Resources Inc. now owns 972,200 shares of the company’s stock valued at $38,849,000 after buying an additional 847,200 shares during the period. Pzena Investment Management LLC raised its stake in Cubic Corp. by 6.1% in the second quarter. Pzena Investment Management LLC now owns 850,674 shares of the company’s stock valued at $34,163,000 after buying an additional 49,009 shares during the period. Finally, RidgeWorth Capital Management LLC raised its stake in Cubic Corp. by 16.0% in the second quarter. RidgeWorth Capital Management LLC now owns 806,794 shares of the company’s stock valued at $32,385,000 after buying an additional 111,402 shares during the period. Institutional investors own 88.16% of the company’s stock.
Cubic Corp. (NYSE:CUB) traded down 0.96% on Thursday, reaching $46.48. 23,393 shares of the company were exchanged. The company’s 50-day moving average price is $46.92 and its 200-day moving average price is $42.44. Cubic Corp. has a 12-month low of $30.11 and a 12-month high of $49.79. The stock has a market capitalization of $1.25 billion, a P/E ratio of 43.12 and a beta of 1.12.
Cubic Corp. (NYSE:CUB) last posted 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 return on equity of 5.60% and a net margin of 1.97%. 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 previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Cubic Corp. will post $0.92 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.135 per share. This represents a yield of 0.65%. The ex-dividend date was Monday, August 29th. Cubic Corp.’s payout ratio is 24.77%.
Several equities research analysts have recently issued reports on CUB shares. Needham & Company LLC reissued a “hold” rating on shares of Cubic Corp. in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Cubic Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity started coverage on shares of Cubic Corp. in a research report on Wednesday, June 8th. They set a “buy” rating and a $48.00 price objective for the company. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Cubic Corp. in a research report on Saturday, July 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.60.
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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