Louisiana State Employees Retirement System held its position in Cubic Corporation (NYSE:CUB) during the second quarter, Holdings Channel reports. The institutional investor owned 10,200 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Cubic Corporation were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Suntrust Banks Inc. increased its position in 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 valued at $3,100,000 after buying an additional 318 shares in the last quarter. Bank of New York Mellon Corp increased its position in Cubic Corporation by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 337,169 shares of the scientific and technical instruments company’s stock valued at $17,802,000 after buying an additional 32,056 shares in the last quarter. US Bancorp DE increased its position in Cubic Corporation by 4.5% in the first quarter. US Bancorp DE now owns 9,929 shares of the scientific and technical instruments company’s stock valued at $525,000 after buying an additional 431 shares in the last quarter. Tygh Capital Management Inc. increased its position in Cubic Corporation by 89.2% in the first quarter. Tygh Capital Management Inc. now owns 80,468 shares of the scientific and technical instruments company’s stock valued at $4,249,000 after buying an additional 37,941 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Cubic Corporation by 65.6% in the first quarter. American Century Companies Inc. now owns 234,749 shares of the scientific and technical instruments company’s stock valued at $12,395,000 after buying an additional 93,022 shares in the last quarter. 90.69% of the stock is owned by institutional investors.

Shares of Cubic Corporation (NYSE CUB) traded down 0.35% during trading on Friday, hitting $42.20. The stock had a trading volume of 250,278 shares. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The stock has a 50-day moving average of $46.13 and a 200 day moving average of $48.73. The firm’s market cap is $1.14 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 (EPS) 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 company had revenue of $361.87 million during the quarter, compared to analyst estimates of $383.47 million. During the same quarter last year, the business posted $0.17 EPS. Cubic Corporation’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that Cubic Corporation will post ($0.58) earnings per share for the current fiscal year.

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Several research firms have weighed in on CUB. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price (down from $55.00) on shares of Cubic Corporation in a research report on Tuesday, May 9th. Zacks Investment Research cut Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine cut Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity decreased their price objective on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.40.

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

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