Insider Selling: Stephen O. Shewmaker Sells 1,000 Shares of Cubic Stock (CUB)
Cubic (NYSE:CUB) EVP Stephen O. Shewmaker sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $45.82, for a total transaction of $45,820.00. Following the sale, the executive vice president now directly owns 3,020 shares of the company’s stock, valued at approximately $138,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cubic (NYSE:CUB) traded up 0.31% during mid-day trading on Thursday, hitting $45.39. 149,619 shares of the company’s stock traded hands. Cubic has a 52-week low of $40.69 and a 52-week high of $56.92. The stock’s 50-day moving average is $44.57 and its 200-day moving average is $48.12. The company’s market cap is $1.216 billion.
Cubic (NYSE:CUB) last announced its earnings results on Monday, August 4th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.30. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $370.90 million. On average, analysts predict that Cubic will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Monday, August 25th. Shareholders of record on Monday, August 11th will be given a dividend of $0.12 per share. This represents a yield of 0.54%. The ex-dividend date of this dividend is Thursday, August 7th.
A number of analysts have recently weighed in on CUB shares. Analysts at Needham & Company LLC cut their price target on shares of Cubic from $54.00 to $48.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated a “hold” rating on shares of Cubic in a research note on Tuesday, August 5th. They now have a $49.00 price target on the stock, down previously from $51.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Cubic from $57.00 to $55.00 in a research note on Thursday, July 31st. They now have an “overweight” rating on the stock.
Cubic Corporation (NYSE:CUB) is an international provider of systems and solutions that address the mass transit and global defense markets.
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