IHT Wealth Management LLC Has $174,000 Position in Cubic Corporation (CUB)
IHT Wealth Management LLC continued to hold its position in Cubic Corporation (NYSE:CUB) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6 shares of the scientific and technical instruments company’s stock at the close of the second quarter. IHT Wealth Management LLC’s holdings in Cubic Corporation were worth $174,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CUB. Ameritas Investment Partners Inc. purchased a new position in shares of Cubic Corporation during the 1st quarter valued at $115,000. Bessemer Group Inc. purchased a new position in shares of Cubic Corporation during the 2nd quarter valued at $125,000. SG Americas Securities LLC purchased a new position in shares of Cubic Corporation during the 2nd quarter valued at $208,000. State of Alaska Department of Revenue lifted its stake in shares of Cubic Corporation by 78.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 2,169 shares in the last quarter. Finally, Invictus RG purchased a new position in shares of Cubic Corporation during the 1st quarter valued at $231,000. Institutional investors own 88.77% of the company’s stock.
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A number of research firms recently weighed in on CUB. Zacks Investment Research upgraded shares of Cubic Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group restated an “outperform” rating and set a $58.00 target price (up previously from $49.00) on shares of Cubic Corporation in a research note on Wednesday. Canaccord Genuity restated a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of Cubic Corporation in a research note on Monday, September 25th. Raymond James Financial, Inc. lifted their target price on shares of Cubic Corporation and gave the company a “buy” rating in a research note on Friday, September 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $56.00 target price (up previously from $48.00) on shares of Cubic Corporation in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $56.67.
Shares of Cubic Corporation (NYSE CUB) traded down 0.19% during mid-day trading on Thursday, reaching $52.25. 10,177 shares of the company’s stock traded hands. The company’s market cap is $1.42 billion. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The company’s 50 day moving average is $47.05 and its 200 day moving average is $47.28.
Cubic Corporation (NYSE:CUB) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.86). The company had revenue of $361.87 million for the quarter, compared to analysts’ expectations of $383.47 million. Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. On average, analysts predict that Cubic Corporation will post ($0.58) EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.135 per share. This represents a yield of 0.62%. The ex-dividend date was Wednesday, August 30th. Cubic Corporation’s payout ratio is -22.69%.
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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