Hubbell Incorporated (NYSE:HUBB) VP Stephen M. Mais sold 3,178 shares of the business’s stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $193.29, for a total transaction of $614,275.62. Following the transaction, the vice president now directly owns 16,146 shares of the company’s stock, valued at approximately $3,120,860.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hubbell stock traded up $1.61 during mid-day trading on Monday, hitting $193.62. 264,291 shares of the company traded hands, compared to its average volume of 301,848. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.33 and a current ratio of 2.07. Hubbell Incorporated has a one year low of $105.34 and a one year high of $196.47. The stock has a fifty day moving average price of $188.03 and a 200-day moving average price of $167.86.
Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. Hubbell had a net margin of 8.75% and a return on equity of 21.38%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. Sell-side analysts predict that Hubbell Incorporated will post 7.57 EPS for the current year.
Several equities research analysts have issued reports on HUBB shares. Morgan Stanley lifted their target price on shares of Hubbell from $197.00 to $203.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 28th. Zacks Investment Research upgraded shares of Hubbell from a “hold” rating to a “buy” rating and set a $219.00 target price for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $187.75.
Several institutional investors and hedge funds have recently made changes to their positions in HUBB. Brinker Capital Investments LLC bought a new stake in shares of Hubbell in the 3rd quarter worth approximately $654,000. Van ECK Associates Corp boosted its position in Hubbell by 32.7% during the 3rd quarter. Van ECK Associates Corp now owns 540 shares of the industrial products company’s stock valued at $74,000 after buying an additional 133 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Hubbell by 30.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,098 shares of the industrial products company’s stock worth $1,519,000 after acquiring an additional 2,597 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Hubbell in the third quarter valued at about $251,000. Finally, HGK Asset Management Inc. bought a new position in shares of Hubbell during the fourth quarter valued at about $4,268,000. Hedge funds and other institutional investors own 84.44% of the company’s stock.
Hubbell Company Profile
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company 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 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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