Cubic Corporation (CUB) Shares Bought by BRYN MAWR TRUST Co
BRYN MAWR TRUST Co raised its position in shares of Cubic Corporation (NYSE:CUB) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,318 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,057 shares during the quarter. BRYN MAWR TRUST Co owned about 0.24% of Cubic Corporation worth $3,025,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Value Holdings Management CO. LLC boosted its position in shares of Cubic Corporation by 20.6% during the 2nd quarter. Value Holdings Management CO. LLC now owns 116,195 shares of the scientific and technical instruments company’s stock worth $5,380,000 after purchasing an additional 19,884 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Cubic Corporation during the 1st quarter worth about $115,000. Vanguard Group Inc. boosted its position in shares of Cubic Corporation by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 2,155,681 shares of the scientific and technical instruments company’s stock worth $113,820,000 after purchasing an additional 92,168 shares in the last quarter. Invictus RG bought a new position in shares of Cubic Corporation during the 1st quarter worth about $231,000. Finally, State Street Corp boosted its position in shares of Cubic Corporation by 5.9% during the 1st quarter. State Street Corp now owns 739,198 shares of the scientific and technical instruments company’s stock worth $39,032,000 after purchasing an additional 41,484 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on CUB. Canaccord Genuity reissued a “buy” rating and set a $50.00 price objective on shares of Cubic Corporation in a research report on Thursday, August 10th. J P Morgan Chase & Co raised shares of Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price objective on the stock in a research report on Thursday, August 10th. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective (down previously from $52.00) on shares of Cubic Corporation in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Cubic Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. Finally, ValuEngine cut shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.40.
Cubic Corporation (NYSE:CUB) traded up 0.77% during midday trading on Tuesday, hitting $46.10. 8,591 shares of the company were exchanged. Cubic Corporation has a 1-year low of $39.50 and a 1-year high of $55.65. The firm’s market capitalization is $1.25 billion. The stock has a 50 day moving average of $43.37 and a 200 day moving average of $47.41.
Cubic Corporation (NYSE:CUB) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.86). Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The business had revenue of $361.87 million for the quarter, compared to the consensus estimate of $383.47 million. During the same period in the previous year, the firm earned $0.17 EPS. The company’s revenue was down 3.6% on a year-over-year basis. On average, equities analysts predict that Cubic Corporation will post ($0.58) earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.135 per share. This represents a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, August 30th. Cubic Corporation’s payout ratio is currently -22.69%.
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About Cubic Corporation
Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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