Hubbell Incorporated (NYSE:HUBB) has received an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $137.40.
HUBB has been the topic of a number of research analyst reports. JMP Securities set a $146.00 target price on Hubbell and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley raised their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday. Finally, Stephens initiated coverage on Itron in a report on Monday, July 8th. They issued an “equal weight” rating and a $64.00 target price on the stock.
Shares of HUBB stock traded down $0.75 during trading hours on Monday, reaching $127.25. The company’s stock had a trading volume of 221,693 shares, compared to its average volume of 337,130. The company’s 50 day moving average is $123.98. The firm has a market capitalization of $6.95 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Hubbell has a fifty-two week low of $91.88 and a fifty-two week high of $137.67. The company has a quick ratio of 1.16, a current ratio of 1.95 and a debt-to-equity ratio of 0.95.
Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.02. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hubbell had a return on equity of 23.09% and a net margin of 8.17%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS. On average, research analysts expect that Hubbell will post 8.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, May 30th. Hubbell’s dividend payout ratio (DPR) is 46.09%.
In related news, Chairman David G. Nord sold 10,762 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $129.88, for a total transaction of $1,397,768.56. Following the sale, the chairman now owns 144,055 shares of the company’s stock, valued at approximately $18,709,863.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Arthur Poyck sold 247 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $122.00, for a total value of $30,134.00. Following the sale, the insider now directly owns 15,572 shares in the company, valued at approximately $1,899,784. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,177 shares of company stock worth $2,477,468. 2.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBB. Louisiana State Employees Retirement System lifted its holdings in Hubbell by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the industrial products company’s stock worth $1,723,000 after buying an additional 100 shares during the period. Wealthstreet Investment Advisors LLC lifted its holdings in Hubbell by 3.1% during the 1st quarter. Wealthstreet Investment Advisors LLC now owns 4,940 shares of the industrial products company’s stock worth $583,000 after buying an additional 150 shares during the period. Rice Hall James & Associates LLC lifted its holdings in Hubbell by 1.1% during the 1st quarter. Rice Hall James & Associates LLC now owns 18,620 shares of the industrial products company’s stock worth $2,197,000 after buying an additional 199 shares during the period. CENTRAL TRUST Co lifted its holdings in Hubbell by 125.0% during the 2nd quarter. CENTRAL TRUST Co now owns 360 shares of the industrial products company’s stock worth $45,000 after buying an additional 200 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in Hubbell by 0.7% during the 1st quarter. Sit Investment Associates Inc. now owns 31,800 shares of the industrial products company’s stock worth $3,752,000 after buying an additional 225 shares during the period. 85.59% of the stock is currently owned by institutional investors.
Hubbell Company Profile
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.
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