Intrepid Capital Management Inc. Acquires 4,770 Shares of Cubic Co. (NYSE:CUB)

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Intrepid Capital Management Inc. lifted its position in Cubic Co. (NYSE:CUB) by 21.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,063 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,770 shares during the period. Intrepid Capital Management Inc. owned 0.09% of Cubic worth $1,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CUB. Parallel Advisors LLC purchased a new stake in Cubic during the first quarter worth $39,000. Penserra Capital Management LLC lifted its holdings in shares of Cubic by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 822 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 274 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cubic by 32.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,389 shares of the scientific and technical instruments company’s stock valued at $134,000 after purchasing an additional 583 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new stake in shares of Cubic during the 2nd quarter valued at $205,000. Finally, Bank of Montreal Can lifted its holdings in shares of Cubic by 240.7% during the 2nd quarter. Bank of Montreal Can now owns 4,433 shares of the scientific and technical instruments company’s stock valued at $286,000 after purchasing an additional 3,132 shares during the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

Several analysts have recently commented on CUB shares. SunTrust Banks started coverage on Cubic in a report on Thursday, September 5th. They set a “hold” rating and a $74.00 price objective for the company. Zacks Investment Research downgraded Cubic from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine raised Cubic from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, TheStreet raised Cubic from a “c” rating to a “b-” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $74.50.

Shares of CUB opened at $70.92 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.30. The business’s 50-day moving average is $68.29 and its two-hundred day moving average is $61.81. Cubic Co. has a fifty-two week low of $50.61 and a fifty-two week high of $76.40. The company has a market capitalization of $2.21 billion, a P/E ratio of 110.81 and a beta of 1.18.

Cubic (NYSE:CUB) last released its earnings results 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 business 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 business posted $0.48 earnings per share. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. Analysts forecast that Cubic Co. will post 3.18 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 30th were given a $0.135 dividend. The ex-dividend date was Thursday, August 29th. Cubic’s dividend payout ratio is currently 42.19%.

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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