Cubic Corporation (CUB) Stake Raised by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. lifted its holdings in shares of Cubic Corporation (NYSE:CUB) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,104 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,728 shares during the period. Kennedy Capital Management Inc. owned about 0.43% of Cubic Corporation worth $5,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Cubic Corporation by 20.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,091 shares of the scientific and technical instruments company’s stock worth $560,000 after purchasing an additional 2,064 shares during the period. Swiss National Bank raised its stake in shares of Cubic Corporation by 13.2% during the 2nd quarter. Swiss National Bank now owns 42,900 shares of the scientific and technical instruments company’s stock worth $1,986,000 after purchasing an additional 5,000 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Cubic Corporation by 34.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,247 shares of the scientific and technical instruments company’s stock worth $474,000 after purchasing an additional 2,607 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Cubic Corporation by 9.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,200 shares of the scientific and technical instruments company’s stock worth $704,000 after purchasing an additional 1,360 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Cubic Corporation by 8.6% during the 2nd quarter. Legal & General Group Plc now owns 48,158 shares of the scientific and technical instruments company’s stock worth $2,230,000 after purchasing an additional 3,831 shares during the period. Institutional investors own 88.76% of the company’s stock.

CUB has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price (down from $52.00) on shares of Cubic Corporation in a research note on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and issued a $50.00 price objective on shares of Cubic Corporation in a research note on Thursday, August 10th. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co upgraded Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price objective on the stock in a research note on Thursday, August 10th. Finally, ValuEngine cut Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Cubic Corporation has an average rating of “Hold” and a consensus target price of $53.40.

Shares of Cubic Corporation (CUB) opened at 44.20 on Friday. Cubic Corporation has a 52 week low of $39.50 and a 52 week high of $55.65. The company has a 50-day moving average price of $43.50 and a 200-day moving average price of $47.61. The company’s market capitalization is $1.20 billion.

Cubic Corporation (NYSE:CUB) last posted its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.86). Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The firm had revenue of $361.87 million during the quarter, compared to the consensus estimate of $383.47 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. Analysts predict that Cubic Corporation will post ($0.58) earnings per share for the current year.

The company also recently announced a semiannual dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.135 dividend. This represents a yield of 0.62%. The ex-dividend date is Wednesday, August 30th. Cubic Corporation’s dividend payout ratio is -22.69%.

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Cubic Corporation Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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Institutional Ownership by Quarter for Cubic Corporation (NYSE:CUB)

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