Cubic Corp. (CUB) Stake Held by New York State Teachers Retirement System
New York State Teachers Retirement System continued to hold its stake in shares of Cubic Corp. (NYSE:CUB) during the second quarter, Holdings Channel reports. The institutional investor owned 52,341 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Cubic Corp. were worth $2,102,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CUB. Teachers Advisors Inc. increased its position 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 during the last quarter. Prudential Financial Inc. increased its position 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 during the last quarter. Franklin Resources Inc. increased its position 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 during the last quarter. BlackRock Group LTD increased its position 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 during the last quarter. Finally, BlackRock Fund Advisors increased its position 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 during the last quarter. Institutional investors own 88.16% of the company’s stock.
Cubic Corp. (NYSE:CUB) traded up 1.10% during mid-day trading on Friday, hitting $40.47. The stock had a trading volume of 510,766 shares. Cubic Corp. has a 1-year low of $30.11 and a 1-year high of $49.79. The stock has a market cap of $1.09 billion, a PE ratio of 37.54 and a beta of 1.12. The firm’s 50-day moving average price is $46.34 and its 200-day moving average price is $42.62.
Cubic Corp. (NYSE:CUB) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.12. The business earned $375.20 million during the quarter, compared to analyst estimates of $387.41 million. Cubic Corp. had a net margin of 1.97% and a return on equity of 5.60%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts expect that Cubic Corp. will post $0.92 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.135 dividend. 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 is 24.77%.
A number of research analysts recently issued reports on CUB shares. Needham & Company LLC reiterated a “hold” rating on shares of Cubic Corp. in a report on Wednesday, June 29th. Zacks Investment Research upgraded Cubic Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $54.00 price target on shares of Cubic Corp. in a research note on Thursday, October 6th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Cubic Corp. in a research note on Saturday, July 9th. Two investment 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 an average target price 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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