MetLife Investment Advisors LLC boosted its position in Cubic Co. (NYSE:CUB) by 25.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,660 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,803 shares during the period. MetLife Investment Advisors LLC’s holdings in Cubic were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of CUB. BlackRock Inc. raised its stake in shares of Cubic by 14.0% during the fourth quarter. BlackRock Inc. now owns 5,097,799 shares of the scientific and technical instruments company’s stock valued at $273,956,000 after acquiring an additional 626,175 shares in the last quarter. FMR LLC raised its stake in Cubic by 25,700.1% in the fourth quarter. FMR LLC now owns 234,007 shares of the scientific and technical instruments company’s stock worth $12,576,000 after buying an additional 233,100 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Cubic by 5,021.9% in the first quarter. PNC Financial Services Group Inc. now owns 215,735 shares of the scientific and technical instruments company’s stock worth $12,132,000 after buying an additional 211,523 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Cubic by 81.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 432,769 shares of the scientific and technical instruments company’s stock worth $24,339,000 after buying an additional 194,917 shares in the last quarter. Finally, AMI Asset Management Corp bought a new position in Cubic in the first quarter worth approximately $10,361,000. 94.65% of the stock is owned by hedge funds and other institutional investors.
In other Cubic news, Director Edwin A. Guiles bought 1,000 shares of Cubic stock in a transaction on Friday, May 17th. The shares were bought at an average cost of $62.28 per share, for a total transaction of $62,280.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John H. Warner, Jr. purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $59.50 per share, for a total transaction of $148,750.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 12,371 shares of company stock valued at $742,609. Corporate insiders own 0.51% of the company’s stock.
Cubic (NYSE:CUB) last announced its quarterly earnings data on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.44. Cubic had a net margin of 0.62% and a return on equity of 3.44%. The company had revenue of $337.30 million during the quarter, compared to analysts’ expectations of $326.88 million. During the same quarter in the prior year, the company earned ($0.12) EPS. Cubic’s revenue was up 21.1% compared to the same quarter last year. On average, equities research analysts expect that Cubic Co. will post 3.27 EPS for the current year.
CUB has been the topic of several analyst reports. Raymond James reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Stantec in a report on Monday, May 13th. Canaccord Genuity reaffirmed a “buy” rating on shares of ProMetic Life Sciences in a report on Friday, April 5th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.72.
Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).
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