Cubic Co. (NYSE:CUB) was the target of unusually large options trading activity on Monday. Investors acquired 1,251 call options on the stock. This represents an increase of approximately 1,504% compared to the typical volume of 78 call options.

Shares of NYSE:CUB opened at $60.97 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 1.12. The stock has a market capitalization of $1.93 billion, a P/E ratio of 95.27 and a beta of 1.20. Cubic has a 52 week low of $50.61 and a 52 week high of $77.35.

Cubic (NYSE:CUB) last announced its quarterly earnings data on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.44. The firm had revenue of $337.30 million during the quarter, compared to the consensus estimate of $326.88 million. Cubic had a net margin of 0.62% and a return on equity of 3.44%. The firm’s revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. On average, sell-side analysts anticipate that Cubic will post 3.34 earnings per share for the current fiscal year.

In other Cubic news, Director John H. Warner, Jr. bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $60.25 per share, for a total transaction of $301,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edwin A. Guiles bought 1,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were acquired 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. Insiders have bought 9,655 shares of company stock valued at $580,192 in the last quarter. Insiders own 0.51% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Cubic by 14.0% in 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 purchasing an additional 626,175 shares during the period. Vanguard Group Inc. lifted its position in Cubic by 2.8% in the third quarter. Vanguard Group Inc. now owns 2,466,422 shares of the scientific and technical instruments company’s stock valued at $180,171,000 after purchasing an additional 67,512 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Cubic by 4.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,200,000 shares of the scientific and technical instruments company’s stock valued at $67,488,000 after purchasing an additional 50,000 shares during the period. Ceredex Value Advisors LLC lifted its position in Cubic by 3.0% in the first quarter. Ceredex Value Advisors LLC now owns 815,271 shares of the scientific and technical instruments company’s stock valued at $45,851,000 after purchasing an additional 24,014 shares during the period. Finally, Northern Trust Corp lifted its position in Cubic by 9.9% in the first quarter. Northern Trust Corp now owns 670,493 shares of the scientific and technical instruments company’s stock valued at $37,708,000 after purchasing an additional 60,225 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

CUB has been the subject of several recent research reports. Citigroup initiated coverage on shares of Cubic in a research note on Friday, February 15th. They set a “buy” rating and a $75.00 target price for the company. Raymond James upgraded shares of Cubic from an “outperform” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research note on Monday, May 13th. Zacks Investment Research downgraded shares of Cubic from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Drexel Hamilton reiterated a “buy” rating and set a $85.00 target price on shares of Cubic in a research note on Thursday, February 7th. Finally, ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Cubic presently has an average rating of “Buy” and a consensus price target of $73.72.

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About Cubic

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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