Frontier Capital Management Co. LLC decreased its position in shares of Cubic Corporation (NYSE:CUB) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,393 shares of the scientific and technical instruments company’s stock after selling 667 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.48% of Cubic Corporation worth $6,083,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Cubic Corporation by 12.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,640 shares of the scientific and technical instruments company’s stock worth $403,000 after buying an additional 857 shares during the period. Suntrust Banks Inc. increased 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 during the period. Bank of New York Mellon Corp increased its stake in shares of 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 worth $17,802,000 after buying an additional 32,056 shares during the period. US Bancorp DE increased its stake in shares of 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 worth $525,000 after buying an additional 431 shares during the period. Finally, Tygh Capital Management Inc. increased its stake in shares of 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 worth $4,249,000 after buying an additional 37,941 shares during the period. Institutional investors own 88.93% of the company’s stock.

Shares of Cubic Corporation (NYSE CUB) opened at 41.85 on Thursday. The company’s market capitalization is $1.14 billion. The firm’s 50-day moving average is $45.42 and its 200-day moving average is $48.42. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65.

Cubic Corporation (NYSE:CUB) last released its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) 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 firm had revenue of $361.87 million during the quarter, compared to the consensus estimate of $383.47 million. During the same quarter last year, the business posted $0.17 earnings per share. Cubic Corporation’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cubic Corporation will post ($0.58) EPS for the current fiscal year.

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

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Several analysts have issued reports on CUB shares. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price (down from $55.00) on shares of Cubic Corporation in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of Cubic Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity cut their target price on shares of Cubic Corporation from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Cubic Corporation has an average rating of “Hold” and an average price target 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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