Hubbell Incorporated (NYSE:HUBB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Hubbell Incorporated (NYSE:HUBB) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $383.57.

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

Hubbell Stock Performance

Shares of Hubbell stock opened at $398.55 on Thursday. Hubbell has a one year low of $248.37 and a one year high of $429.61. The company has a market cap of $21.37 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. The business’s 50 day moving average price is $394.11 and its 200 day moving average price is $341.52.

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

Hubbell Dividend Announcement

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

Insider Transactions at Hubbell

In related news, CFO William R. Sperry sold 14,925 shares of Hubbell stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.99, for a total value of $5,268,375.75. Following the transaction, the chief financial officer now owns 37,848 shares in the company, valued at $13,359,965.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Hubbell news, CEO Gerben Bakker sold 13,355 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the transaction, the chief executive officer now owns 51,783 shares in the company, valued at $18,286,130.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO William R. Sperry sold 14,925 shares of Hubbell stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $352.99, for a total value of $5,268,375.75. Following the sale, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The disclosure for this sale can be found here. Insiders have sold 34,125 shares of company stock worth $12,065,100 over the last quarter. 0.78% of the stock is currently owned by insiders.

Institutional Trading of Hubbell

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in Hubbell by 1,850.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock valued at $26,000 after buying an additional 74 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Hubbell by 127.5% in the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Hubbell in the fourth quarter valued at about $33,000. Principal Securities Inc. bought a new stake in Hubbell in the fourth quarter valued at about $40,000. Finally, Riverview Trust Co bought a new position in shares of Hubbell during the first quarter valued at approximately $52,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Company Profile

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.