Hayden Royal LLC Invests $298,000 in Cubic Co. (NYSE:CUB)

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Hayden Royal LLC acquired a new position in shares of Cubic Co. (NYSE:CUB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,464 shares of the scientific and technical instruments company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Cubic by 34.6% during the fourth quarter. Bank of America Corp DE now owns 79,513 shares of the scientific and technical instruments company’s stock valued at $4,273,000 after purchasing an additional 20,457 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Cubic during the fourth quarter valued at about $212,000. FMR LLC boosted its stake in shares of Cubic by 25,700.1% during the fourth quarter. FMR LLC now owns 234,007 shares of the scientific and technical instruments company’s stock valued at $12,576,000 after purchasing an additional 233,100 shares in the last quarter. Norges Bank acquired a new stake in shares of Cubic during the fourth quarter valued at about $9,587,000. Finally, Geode Capital Management LLC boosted its stake in shares of Cubic by 20.3% during the fourth quarter. Geode Capital Management LLC now owns 299,293 shares of the scientific and technical instruments company’s stock valued at $16,084,000 after purchasing an additional 50,542 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

CUB has been the topic of a number of recent research reports. ValuEngine raised Cubic from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Raymond James raised Cubic from an “outperform” rating to a “strong-buy” rating and set a $82.00 price target on the stock in a research note on Monday, May 13th. Zacks Investment Research downgraded Cubic from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $74.58.

Shares of CUB opened at $68.43 on Wednesday. Cubic Co. has a 1 year low of $50.61 and a 1 year high of $77.24. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.21 billion, a P/E ratio of 106.92 and a beta of 1.19. The business’s 50-day moving average is $66.82.

Cubic (NYSE:CUB) last issued its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. Cubic had a return on equity of 5.37% and a net margin of 1.83%. The company had revenue of $382.70 million during the quarter, compared to the consensus estimate of $345.61 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was up 29.2% compared to the same quarter last year. On average, research analysts predict that Cubic Co. will post 3.2 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, September 9th. Stockholders of record on Friday, August 30th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, August 29th. Cubic’s dividend payout ratio (DPR) is 42.19%.

In related news, Director Edwin A. Guiles acquired 2,716 shares of the stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $59.80 per share, for a total transaction of $162,416.80. Following the completion of the transaction, the director now directly owns 14,022 shares of the company’s stock, valued at $838,515.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edwin A. Guiles acquired 1,000 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average price of $62.28 per share, with a total value of $62,280.00. The disclosure for this purchase can be found here. 0.51% of the stock is owned by company insiders.

Cubic Company Profile

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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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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