Cubic Co. (NYSE:CUB) Shares Acquired by Miles Capital Inc.

Miles Capital Inc. grew its holdings in Cubic Co. (NYSE:CUB) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,251 shares of the scientific and technical instruments company’s stock after acquiring an additional 235 shares during the quarter. Miles Capital Inc.’s holdings in Cubic were worth $339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System boosted its holdings in Cubic by 10.4% in the first quarter. California Public Employees Retirement System now owns 42,889 shares of the scientific and technical instruments company’s stock worth $2,412,000 after acquiring an additional 4,035 shares in the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Cubic by 29.5% during the first quarter. Marshall Wace North America L.P. now owns 58,935 shares of the scientific and technical instruments company’s stock worth $3,315,000 after purchasing an additional 13,409 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of Cubic by 453.8% during the second quarter. Virginia Retirement Systems ET AL now owns 21,600 shares of the scientific and technical instruments company’s stock worth $1,393,000 after purchasing an additional 17,700 shares during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Cubic by 8.8% during the second quarter. Rice Hall James & Associates LLC now owns 307,576 shares of the scientific and technical instruments company’s stock worth $19,833,000 after purchasing an additional 24,983 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Cubic by 9.2% during the first quarter. Great West Life Assurance Co. Can now owns 241,708 shares of the scientific and technical instruments company’s stock worth $13,551,000 after purchasing an additional 20,312 shares during the period. 97.57% of the stock is owned by institutional investors and hedge funds.

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



CUB stock traded up $1.75 during trading on Friday, hitting $72.01. 8,244 shares of the company traded hands, compared to its average volume of 266,523. The stock’s 50-day simple moving average is $68.29 and its 200 day simple moving average is $61.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 1.07. The company has a market cap of $2.21 billion, a PE ratio of 112.22 and a beta of 1.18. Cubic Co. has a 1 year low of $50.61 and a 1 year high of $76.40.

Cubic (NYSE:CUB) last announced its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $382.70 million during the quarter, compared to analysts’ expectations of $345.61 million. Cubic had a return on equity of 5.37% and a net margin of 1.83%. Cubic’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. Research analysts expect that Cubic Co. will post 3.18 earnings per share for the current year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, September 9th. Stockholders 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 (DPR) is presently 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).

Featured Article: Call Option

Institutional Ownership by Quarter for Cubic (NYSE:CUB)

Receive News & Ratings for Cubic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic and related companies with MarketBeat.com's FREE daily email newsletter.