Hubbell Incorporated (NYSE:HUBB) Receives Consensus Rating of “Moderate Buy” from Analysts

Hubbell Incorporated (NYSE:HUBB) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $383.57.

A number of research analysts recently weighed in on the company. Mizuho boosted their target price on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. StockNews.com downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price target on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Hubbell in a research report on Monday, March 11th. They set a “hold” rating and a $427.00 target price for the company. Finally, Barclays upped their target price on Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd.

Insider Buying and Selling

In related news, insider Mark Eugene Mikes sold 1,837 shares of Hubbell stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $358.16, for a total transaction of $657,939.92. Following the transaction, the insider now owns 5,296 shares of the company’s stock, valued at $1,896,815.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hubbell news, VP Katherine Anne Lane sold 1,468 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $352.51, for a total value of $517,484.68. Following the transaction, the vice president now directly owns 9,355 shares in the company, valued at approximately $3,297,731.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Eugene Mikes sold 1,837 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $358.16, for a total value of $657,939.92. Following the completion of the transaction, the insider now owns 5,296 shares of the company’s stock, valued at $1,896,815.36. The disclosure for this sale can be found here. Insiders sold 34,125 shares of company stock valued at $12,065,100 over the last 90 days. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Hubbell by 15.9% in the 4th quarter. Vanguard Group Inc. now owns 6,696,582 shares of the industrial products company’s stock worth $2,202,707,000 after acquiring an additional 918,808 shares in the last quarter. FMR LLC increased its position in Hubbell by 2.9% during the 3rd quarter. FMR LLC now owns 2,563,965 shares of the industrial products company’s stock valued at $803,572,000 after buying an additional 71,962 shares in the last quarter. International Assets Investment Management LLC increased its position in Hubbell by 32,734.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,472,949 shares of the industrial products company’s stock valued at $484,497,000 after buying an additional 1,468,463 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Hubbell by 24.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,268,560 shares of the industrial products company’s stock valued at $417,267,000 after buying an additional 248,493 shares in the last quarter. Finally, Invesco Ltd. increased its position in Hubbell by 10.7% during the 3rd quarter. Invesco Ltd. now owns 1,195,043 shares of the industrial products company’s stock valued at $374,538,000 after buying an additional 115,886 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 0.1 %

NYSE:HUBB opened at $398.55 on Thursday. Hubbell has a fifty-two week low of $248.37 and a fifty-two week high of $429.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. The stock has a market capitalization of $21.37 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. The business’s 50-day simple moving average is $394.11 and its 200-day simple moving average is $341.52.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, beating the consensus estimate of $3.58 by $0.11. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.60 EPS. Sell-side analysts expect that Hubbell will post 16.43 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $1.22 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.88 annualized dividend and a dividend yield of 1.22%. Hubbell’s payout ratio is 34.73%.

About Hubbell

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.