Hubbell Incorporated (NYSE:HUBB - Get Free Report) Director Neal J. Keating purchased 500 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $378.77 per share, for a total transaction of $189,385.00. Following the acquisition, the director now owns 8,571 shares of the company's stock, valued at $3,246,437.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hubbell Stock Performance
Shares of HUBB stock opened at $393.06 on Wednesday. The company has a market capitalization of $21.08 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.03 and a current ratio of 1.66. The company's 50 day moving average price is $398.93 and its two-hundred day moving average price is $347.48.
Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.54 by $0.06. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The business had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the previous year, the firm posted $3.61 EPS. The firm's revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that Hubbell Incorporated will post 16.35 earnings per share for the current fiscal year.
Hubbell Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 30th. Hubbell's payout ratio is 36.39%.
Analyst Upgrades and Downgrades
HUBB has been the topic of several recent research reports. Mizuho raised their target price on shares of Hubbell from $370.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hubbell in a report on Monday, March 11th. They set a "hold" rating and a $427.00 target price for the company. Barclays decreased their price objective on Hubbell from $400.00 to $384.00 and set an "equal weight" rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company cut their target price on Hubbell from $435.00 to $397.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 1st. Finally, StockNews.com cut Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $386.57.
Read Our Latest Stock Analysis on Hubbell
Hedge Funds Weigh In On Hubbell
Several hedge funds have recently made changes to their positions in HUBB. Meeder Advisory Services Inc. boosted its holdings in Hubbell by 3.8% during the first quarter. Meeder Advisory Services Inc. now owns 816 shares of the industrial products company's stock worth $339,000 after purchasing an additional 30 shares during the last quarter. North Star Asset Management Inc. boosted its stake in shares of Hubbell by 1.5% during the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company's stock worth $746,000 after buying an additional 36 shares during the last quarter. Xponance Inc. grew its holdings in shares of Hubbell by 0.4% in the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company's stock valued at $3,006,000 after acquiring an additional 36 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Hubbell by 4.0% in the first quarter. Tectonic Advisors LLC now owns 946 shares of the industrial products company's stock valued at $393,000 after acquiring an additional 36 shares during the last quarter. Finally, Tevis Investment Management raised its holdings in Hubbell by 4.6% during the first quarter. Tevis Investment Management now owns 901 shares of the industrial products company's stock worth $374,000 after acquiring an additional 40 shares in the last quarter. 88.16% of the stock is owned by institutional investors.
About Hubbell
(
Get Free Report)
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.
Further Reading
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