RidgeWorth Capital Management LLC raised its position in shares of Cubic Corporation (NYSE:CUB) by 17.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 928,634 shares of the company’s stock after buying an additional 141,140 shares during the period. RidgeWorth Capital Management LLC’s holdings in Cubic Corporation were worth $44,528,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its stake in Cubic Corporation by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the company’s stock worth $227,000 after buying an additional 80 shares during the period. Formidable Asset Management LLC raised its position in Cubic Corporation by 0.6% in the fourth quarter. Formidable Asset Management LLC now owns 16,418 shares of the company’s stock worth $787,000 after buying an additional 94 shares in the last quarter. Swiss National Bank raised its position in Cubic Corporation by 0.3% in the third quarter. Swiss National Bank now owns 37,200 shares of the company’s stock worth $1,741,000 after buying an additional 100 shares in the last quarter. Legal & General Group Plc raised its position in Cubic Corporation by 3.0% in the second quarter. Legal & General Group Plc now owns 5,014 shares of the company’s stock worth $199,000 after buying an additional 144 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in Cubic Corporation by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 7,692 shares of the company’s stock worth $360,000 after buying an additional 151 shares in the last quarter. 90.32% of the stock is currently owned by institutional investors.
Cubic Corporation (NYSE:CUB) traded down 0.10% during trading on Tuesday, reaching $51.55. 196,107 shares of the company were exchanged. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 859.17 and a beta of 0.97. Cubic Corporation has a 52-week low of $31.39 and a 52-week high of $52.40. The firm has a 50-day moving average of $48.17 and a 200-day moving average of $46.43.
Cubic Corporation (NYSE:CUB) last posted its quarterly earnings results on Thursday, February 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.05. Cubic Corporation had a net margin of 0.29% and a return on equity of 0.61%. The company earned $334.70 million during the quarter, compared to analyst estimates of $330.36 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Cubic Corporation will post $0.61 EPS for the current year.
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Several research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target (up previously from $48.00) on shares of Cubic Corporation in a research report on Friday. Zacks Investment Research upgraded shares of Cubic Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Canaccord Genuity restated a “buy” rating and issued a $48.00 price target on shares of Cubic Corporation in a research report on Thursday, January 5th. Finally, Drexel Hamilton assumed coverage on shares of Cubic Corporation in a research report on Thursday, December 22nd. They issued a “buy” rating and a $58.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.67.
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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