Hubbell Inc (NYSE:HUBB) Given Average Rating of “Hold” by Analysts

Shares of Hubbell Inc (NYSE:HUBBGet Free Report) have received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given 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 $459.25.

Several equities research analysts have recently commented on HUBB shares. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $352.00 to $417.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Barclays upped their price objective on shares of Hubbell from $400.00 to $414.00 and gave the stock an “equal weight” rating in a research report on Monday, June 9th.

View Our Latest Stock Report on Hubbell

Hubbell Trading Down 0.3%

NYSE:HUBB opened at $394.79 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.73. The firm has a 50-day moving average of $375.02 and a 200-day moving average of $385.28. The company has a market cap of $21.07 billion, a PE ratio of 26.71, a PEG ratio of 1.38 and a beta of 0.99. Hubbell has a one year low of $299.43 and a one year high of $481.35.

Hubbell (NYSE:HUBBGet Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $3.50 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.23). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a return on equity of 27.68% and a net margin of 14.29%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 earnings per share. As a group, equities research analysts expect that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, May 30th. Hubbell’s payout ratio is 35.72%.

Insiders Place Their Bets

In other Hubbell news, Director Carlos M. Cardoso sold 400 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $386.29, for a total value of $154,516.00. Following the transaction, the director now directly owns 1,727 shares in the company, valued at $667,122.83. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerben Bakker sold 7,723 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $384.63, for a total transaction of $2,970,497.49. Following the completion of the transaction, the chief executive officer now owns 82,101 shares in the company, valued at approximately $31,578,507.63. The trade was a 8.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBB. Voya Investment Management LLC lifted its stake in shares of Hubbell by 0.3% during the 1st quarter. Voya Investment Management LLC now owns 28,634 shares of the industrial products company’s stock valued at $9,475,000 after buying an additional 83 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Hubbell during the 1st quarter valued at approximately $599,000. Geneos Wealth Management Inc. lifted its stake in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after buying an additional 155 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Hubbell during the 1st quarter valued at approximately $53,000. Finally, Glenview Trust co lifted its stake in shares of Hubbell by 6.8% during the 1st quarter. Glenview Trust co now owns 11,971 shares of the industrial products company’s stock valued at $3,961,000 after buying an additional 767 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Company Profile

(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.

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Analyst Recommendations for Hubbell (NYSE:HUBB)

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