Cubic Corporation (CUB) Shares Bought by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc increased its position in shares of Cubic Corporation (NYSE:CUB) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,605 shares of the scientific and technical instruments company’s stock after buying an additional 325 shares during the period. Bragg Financial Advisors Inc owned 0.19% of Cubic Corporation worth $2,672,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in shares of Cubic Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 2,750 shares of the scientific and technical instruments company’s stock worth $145,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Cubic Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the scientific and technical instruments company’s stock worth $539,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Cubic Corporation by 1.6% in the first quarter. Arizona State Retirement System now owns 12,988 shares of the scientific and technical instruments company’s stock worth $686,000 after buying an additional 200 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Cubic Corporation by 11.3% in the first quarter. Meadow Creek Investment Management LLC now owns 2,006 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 204 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Cubic Corporation by 0.5% in the first quarter. Suntrust Banks Inc. now owns 58,741 shares of the scientific and technical instruments company’s stock worth $3,100,000 after buying an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 89.61% of the company’s stock.

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

Cubic Corporation (NYSE:CUB) traded down 0.66% during trading on Wednesday, hitting $45.05. 68,266 shares of the stock traded hands. Cubic Corporation has a 12 month low of $37.24 and a 12 month high of $55.65. The company has a 50-day moving average price of $47.06 and a 200-day moving average price of $49.39. The stock’s market cap is $1.22 billion.

Cubic Corporation (NYSE:CUB) last announced its quarterly earnings data on Monday, May 8th. The scientific and technical instruments company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.06. Cubic Corporation had a negative net margin of 0.37% and a negative return on equity of 0.78%. The business had revenue of $343.71 million during the quarter, compared to analysts’ expectations of $365.04 million. During the same period last year, the company posted $0.38 EPS. Cubic Corporation’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts expect that Cubic Corporation will post $0.18 EPS for the current year.

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A number of brokerages have weighed in on CUB. Needham & Company LLC restated a “buy” rating and issued a $52.00 target price (down previously from $55.00) on shares of Cubic Corporation in a research report on Tuesday, May 9th. Zacks Investment Research lowered shares of Cubic Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cubic Corporation currently has an average rating of “Buy” and a consensus price target of $54.00.

About Cubic Corporation

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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