Cubic Co. (CUB) Shares Sold by Rodgers Brothers Inc.
Rodgers Brothers Inc. trimmed its holdings in Cubic Co. (NYSE:CUB) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 40,425 shares of the scientific and technical instruments company’s stock after selling 6,850 shares during the quarter. Rodgers Brothers Inc.’s holdings in Cubic were worth $2,383,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC increased its holdings in Cubic by 31.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,522 shares of the scientific and technical instruments company’s stock worth $267,000 after buying an additional 1,088 shares in the last quarter. Wolverine Trading LLC bought a new stake in Cubic in the 4th quarter worth about $411,000. TIAA CREF Investment Management LLC increased its holdings in Cubic by 28.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 85,634 shares of the scientific and technical instruments company’s stock worth $5,048,000 after buying an additional 19,219 shares in the last quarter. Teachers Advisors LLC increased its holdings in Cubic by 426.8% in the 4th quarter. Teachers Advisors LLC now owns 240,193 shares of the scientific and technical instruments company’s stock worth $14,159,000 after buying an additional 194,594 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Cubic by 15.2% in the 4th quarter. Raymond James & Associates now owns 66,170 shares of the scientific and technical instruments company’s stock worth $3,901,000 after buying an additional 8,747 shares in the last quarter. Institutional investors own 88.74% of the company’s stock.
Several research firms recently commented on CUB. Zacks Investment Research upgraded Cubic from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded Cubic from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Needham & Company LLC lifted their price objective on Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Canaccord Genuity reiterated a “buy” rating and issued a $64.00 price objective (up from $55.00) on shares of Cubic in a report on Tuesday, November 21st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $62.00 target price (down from $64.00) on shares of Cubic in a research report on Friday, January 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.00.
Cubic (NYSE:CUB) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.33). The firm had revenue of $340.70 million during the quarter, compared to analysts’ expectations of $338.21 million. Cubic had a negative return on equity of 1.27% and a negative net margin of 1.21%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share. research analysts predict that Cubic Co. will post 1.18 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which was paid on Monday, March 12th. Shareholders of record on Thursday, March 1st were given a $0.135 dividend. The ex-dividend date was Wednesday, February 28th. This represents a yield of 0.44%. Cubic’s payout ratio is -40.91%.
Cubic Company Profile
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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