Morgan Dempsey Capital Management LLC Raises Stake in Cubic Corporation (NYSE:CUB)

Morgan Dempsey Capital Management LLC increased its position in Cubic Corporation (NYSE:CUB) by 18.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,688 shares of the scientific and technical instruments company’s stock after buying an additional 4,567 shares during the period. Morgan Dempsey Capital Management LLC owned about 0.11% of Cubic Corporation worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CUB. Meadow Creek Investment Management LLC boosted its position 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 during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Cubic Corporation during the first quarter worth about $115,000. Bessemer Group Inc. bought a new position in shares of Cubic Corporation during the second quarter worth about $125,000. State of Alaska Department of Revenue boosted its position 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 during the last quarter. Finally, Invictus RG bought a new position in shares of Cubic Corporation during the first quarter worth about $231,000. Institutional investors and hedge funds own 88.93% of the company’s stock.

Shares of Cubic Corporation (NYSE CUB) traded down 0.82% during mid-day trading on Friday, hitting $42.35. The stock had a trading volume of 159,364 shares. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The stock’s market capitalization is $1.15 billion. The stock’s 50-day moving average price is $45.76 and its 200-day moving average price is $48.53.

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 the Zacks’ consensus estimate 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 in the prior year, the company earned $0.17 EPS. Cubic Corporation’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities 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. Investors of record on Friday, September 1st will be given a $0.135 dividend. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, August 30th. Cubic Corporation’s dividend payout ratio is currently -22.69%.

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A number of equities analysts recently issued reports on CUB shares. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price (down from $52.00) on shares of Cubic Corporation in a report on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and issued a $50.00 target price on shares of Cubic Corporation in a report on Thursday, August 10th. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a report 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 target price on the stock in a report on Thursday, August 10th. Finally, ValuEngine cut Cubic Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.40.

Cubic Corporation Company 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).

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

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