Hubbell Incorporated (NYSE:HUBB) VP Stephen M. Mais sold 4,692 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $135.59, for a total value of $636,188.28. Following the completion of the sale, the vice president now directly owns 16,669 shares of the company’s stock, valued at approximately $2,260,149.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Hubbell Incorporated (HUBB) opened at $133.99 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $7,315.77, a P/E ratio of 22.48, a PEG ratio of 1.85 and a beta of 1.01. Hubbell Incorporated has a 1 year low of $109.32 and a 1 year high of $149.03.
Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.12. The business had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $901.23 million. Hubbell had a return on equity of 20.16% and a net margin of 6.63%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. research analysts predict that Hubbell Incorporated will post 7.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, February 27th. Hubbell’s payout ratio is 70.00%.
Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Hubbell during the 2nd quarter worth approximately $182,000. Advisors Asset Management Inc. grew its holdings in Hubbell by 1,122.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the industrial products company’s stock worth $187,000 after buying an additional 1,481 shares in the last quarter. Granite Springs Asset Management LLC bought a new position in Hubbell in the 4th quarter worth approximately $202,000. Rodgers Brothers Inc. bought a new position in Hubbell in the 4th quarter worth approximately $217,000. Finally, Magnetar Financial LLC bought a new position in Hubbell in the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 82.42% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Wolfe Research raised Hubbell from a “market perform” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Friday, February 9th. Oppenheimer reiterated a “buy” rating and issued a $160.00 price target on shares of Hubbell in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Hubbell from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Thursday, February 1st. JPMorgan Chase & Co. upgraded Hubbell from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 18th. Finally, Morgan Stanley boosted their price target on Hubbell from $134.00 to $153.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $153.60.
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Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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