Hubbell Incorporated (NYSE:HUBB – Get Rating) Director Carlos M. Cardoso sold 749 shares of Hubbell stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $193.73, for a total transaction of $145,103.77. Following the transaction, the director now directly owns 1,744 shares in the company, valued at approximately $337,865.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NYSE:HUBB opened at $195.21 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $10.47 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The firm’s 50 day moving average is $188.84 and its 200 day moving average is $194.21. Hubbell Incorporated has a 12 month low of $170.76 and a 12 month high of $212.54.
Hubbell (NYSE:HUBB – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.26. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Hubbell had a net margin of 10.77% and a return on equity of 21.89%. Hubbell’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 EPS. Research analysts predict that Hubbell Incorporated will post 9.29 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new position in Hubbell in the 4th quarter valued at approximately $28,000. First Manhattan Co. purchased a new position in Hubbell in the 1st quarter valued at approximately $28,000. Concord Wealth Partners grew its stake in Hubbell by 173.8% in the 4th quarter. Concord Wealth Partners now owns 167 shares of the industrial products company’s stock valued at $35,000 after buying an additional 106 shares in the last quarter. National Bank of Canada FI purchased a new position in Hubbell in the 4th quarter valued at approximately $36,000. Finally, Zullo Investment Group Inc. purchased a new position in Hubbell in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
Several equities analysts have commented on the stock. Mizuho dropped their target price on shares of Hubbell from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, February 7th. Wells Fargo & Company lifted their target price on shares of Hubbell from $181.00 to $200.00 in a research report on Thursday, April 28th. Zacks Investment Research raised shares of Hubbell from a “sell” rating to a “hold” rating in a research report on Tuesday, February 15th. StockNews.com raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, April 30th. Finally, Morgan Stanley lifted their target price on shares of Hubbell from $198.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Hubbell presently has a consensus rating of “Hold” and a consensus target price of $207.00.
About Hubbell (Get Rating)
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical Solution and Utility Solution. 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 for the natural gas distribution market.
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