NJ State Employees Deferred Compensation Plan Has $695,000 Position in Cubic Corporation (NYSE:CUB)

NJ State Employees Deferred Compensation Plan held its stake in Cubic Corporation (NYSE:CUB) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,000 shares of the scientific and technical instruments company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan owned 0.06% of Cubic Corporation worth $695,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Cubic Corporation during the fourth quarter worth about $2,733,000. GW&K Investment Management LLC purchased a new position in shares of Cubic Corporation during the first quarter worth about $2,899,000. Bank of Montreal Can raised its position in shares of Cubic Corporation by 16.3% in the first quarter. Bank of Montreal Can now owns 266,013 shares of the scientific and technical instruments company’s stock worth $14,046,000 after buying an additional 37,359 shares during the period. Louisiana State Employees Retirement System raised its position 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 during the period. Finally, State of Alaska Department of Revenue raised 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 period. 90.69% of the stock is owned by hedge funds and other institutional investors.

Cubic Corporation (CUB) opened at 42.65 on Monday. The stock’s market cap is $1.16 billion. Cubic Corporation has a 52 week low of $39.50 and a 52 week high of $55.65. The company has a 50-day moving average price of $46.84 and a 200-day moving average price of $49.02.

Cubic Corporation (NYSE:CUB) last released its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $361.87 million during the quarter, compared to analyst estimates of $383.47 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Equities research analysts anticipate that Cubic Corporation will post $0.18 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by [[site]] and is the sole property of of [[site]]. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at [[permalink]].

A number of equities analysts recently issued reports on CUB shares. Canaccord Genuity reduced their target price on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. BidaskClub upgraded Cubic Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. 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 note on Tuesday, May 9th. Zacks Investment Research lowered Cubic Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, ValuEngine lowered Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $54.50.

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).

Want to see what other hedge funds are holding CUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cubic Corporation (NYSE:CUB).