Migdal Insurance & Financial Holdings Ltd. Raises Holdings in Cubic Corporation (CUB)

Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Cubic Corporation (NYSE:CUB) by 25.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 16,094 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,267 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.06% of Cubic Corporation worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CUB. Ameritas Investment Partners Inc. acquired a new stake in Cubic Corporation during the 1st quarter worth about $115,000. Bessemer Group Inc. acquired a new stake in Cubic Corporation during the 2nd quarter worth about $125,000. SG Americas Securities LLC acquired a new stake in Cubic Corporation during the 2nd quarter worth about $208,000. State of Alaska Department of Revenue lifted its position in Cubic Corporation by 78.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock worth $227,000 after acquiring an additional 2,169 shares during the period. Finally, Invictus RG acquired a new stake in Cubic Corporation during the 1st quarter worth about $231,000. 88.77% of the stock is owned by institutional investors.

A number of analysts have commented on CUB shares. BidaskClub raised Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity lowered their price target on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 4th. ValuEngine cut Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target (down previously from $52.00) on shares of Cubic Corporation in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $56.40.

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Shares of Cubic Corporation (CUB) traded up 0.38% during trading on Monday, hitting $53.05. The stock had a trading volume of 29,941 shares. The stock’s market cap is $1.44 billion. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The stock’s 50-day moving average is $46.14 and its 200-day moving average is $47.34.

Cubic Corporation (NYSE:CUB) last announced its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.86). Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The business had revenue of $361.87 million for the quarter, compared to analyst estimates of $383.47 million. During the same quarter last year, the company posted $0.17 EPS. Cubic Corporation’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Cubic Corporation will post ($0.58) EPS for the current year.

The firm also recently announced a semiannual dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.135 per share. The ex-dividend date was Wednesday, August 30th. This represents a dividend yield of 0.62%. Cubic Corporation’s dividend payout ratio (DPR) is -22.69%.

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).

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

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