Mason Street Advisors LLC Acquires Shares of 4,272 Cubic Corp. (CUB)
Mason Street Advisors LLC acquired a new position in Cubic Corp. (NYSE:CUB) during the second quarter, Holdings Channel reports. The fund acquired 4,272 shares of the company’s stock, valued at approximately $172,000.
Several other large investors have also recently modified their holdings of the company. Teachers Advisors Inc. boosted its stake in Cubic Corp. by 7.1% in the first quarter. Teachers Advisors Inc. now owns 238,656 shares of the company’s stock worth $9,537,000 after buying an additional 15,780 shares in the last quarter. Prudential Financial Inc. boosted its stake in Cubic Corp. by 25.6% in the first quarter. Prudential Financial Inc. now owns 64,035 shares of the company’s stock worth $2,559,000 after buying an additional 13,035 shares in the last quarter. Franklin Resources Inc. boosted 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 worth $38,849,000 after buying an additional 847,200 shares in the last quarter. BlackRock Group LTD boosted its stake in 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 Fund Advisors boosted 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 worth $62,018,000 after buying an additional 8,797 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.
Cubic Corp. (NYSE:CUB) opened at 40.03 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 37.13 and a beta of 1.12. The stock’s 50 day moving average price is $46.53 and its 200 day moving average price is $42.60. Cubic Corp. has a 12-month low of $30.11 and a 12-month high of $49.79.
Cubic Corp. (NYSE:CUB) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $375.20 million for the quarter, compared to analysts’ expectations of $387.41 million. During the same quarter last year, the company earned $0.33 EPS. Cubic Corp.’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Cubic Corp. will post $0.92 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which was paid on Thursday, September 15th. Stockholders 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 of this dividend was Monday, August 29th. Cubic Corp.’s dividend payout ratio (DPR) is presently 24.77%.
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC dropped their price target on shares of Cubic Corp. from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday. Credit Suisse Group AG reissued a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price target on shares of Cubic Corp. in a research note on Thursday, August 11th. Finally, Zacks Investment Research raised shares of Cubic Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cubic Corp. presently has a consensus rating of “Buy” and an average price target of $47.00.
Cubic Corp. Company Profile
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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