Hubbell Incorporated (NYSE:HUBB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Hubbell Incorporated (NYSE:HUBB) have earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $375.00.

A number of equities analysts recently commented on HUBB shares. Deutsche Bank Aktiengesellschaft initiated coverage on Hubbell in a research note on Monday, March 11th. They issued a “hold” rating and a $427.00 price target for the company. TD Cowen began coverage on shares of Hubbell in a report on Friday, December 8th. They issued an “outperform” rating and a $338.00 target price on the stock. Wells Fargo & Company lifted 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. Mizuho lifted their price target on Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Barclays lifted their price target on Hubbell from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st.

Insider Buying and Selling at Hubbell

In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the sale, the chief financial officer now directly owns 37,848 shares of the company’s stock, valued at approximately $13,359,965.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the transaction, the chief financial officer now directly owns 37,848 shares in the company, valued at approximately $13,359,965.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gerben Bakker sold 13,355 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 34,125 shares of company stock valued at $12,065,100 in the last three months. 0.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hubbell

A number of large investors have recently bought and sold shares of the business. North Star Asset Management Inc. boosted its holdings in Hubbell by 1.5% in the third quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company’s stock worth $746,000 after purchasing an additional 36 shares in the last quarter. Xponance Inc. boosted its holdings in Hubbell by 0.4% during the fourth quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock valued at $3,006,000 after acquiring an additional 36 shares during the period. Tevis Investment Management boosted its holdings in Hubbell by 4.0% during the third quarter. Tevis Investment Management now owns 960 shares of the industrial products company’s stock valued at $301,000 after acquiring an additional 37 shares during the period. Lindenwold Advisors INC boosted its holdings in Hubbell by 1.6% during the third quarter. Lindenwold Advisors INC now owns 2,584 shares of the industrial products company’s stock valued at $810,000 after acquiring an additional 41 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in Hubbell by 2.4% during the third quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 45 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Up 0.3 %

Shares of NYSE HUBB opened at $415.05 on Friday. Hubbell has a 12-month low of $219.77 and a 12-month high of $419.64. The company has a market cap of $22.26 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.53 and a beta of 0.93. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $372.74 and a 200 day moving average price of $329.78.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 EPS. Research analysts anticipate that Hubbell will post 16.41 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, February 28th. Hubbell’s dividend payout ratio (DPR) is currently 34.73%.

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.