Hubbell Incorporated (NYSE:HUBB) insider Kevin Arthur Poyck sold 247 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $122.00, for a total transaction of $30,134.00. Following the completion of the sale, the insider now directly owns 15,572 shares in the company, valued at approximately $1,899,784. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE HUBB traded down $2.49 on Monday, hitting $118.90. The company’s stock had a trading volume of 249,728 shares, compared to its average volume of 361,669. Hubbell Incorporated has a 12-month low of $91.88 and a 12-month high of $137.67. The company has a market capitalization of $6.62 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.95 and a quick ratio of 1.16.
Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.02. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Hubbell had a net margin of 8.17% and a return on equity of 23.09%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 earnings per share. On average, analysts forecast that Hubbell Incorporated will post 8.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, May 30th. Hubbell’s dividend payout ratio is presently 46.09%.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Hubbell from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. JMP Securities set a $146.00 price target on shares of Hubbell and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, ValuEngine raised shares of Hubbell from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $131.00.
Large investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Hubbell by 122.7% in the fourth quarter. LPL Financial LLC now owns 5,063 shares of the industrial products company’s stock valued at $503,000 after buying an additional 2,790 shares during the last quarter. Vanguard Group Inc raised its position in shares of Hubbell by 0.7% in the third quarter. Vanguard Group Inc now owns 5,362,450 shares of the industrial products company’s stock valued at $716,262,000 after buying an additional 39,278 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Hubbell in the first quarter valued at approximately $601,000. Gotham Asset Management LLC acquired a new position in shares of Hubbell in the fourth quarter valued at approximately $13,572,000. Finally, Inlet Private Wealth LLC acquired a new position in shares of Hubbell in the fourth quarter valued at approximately $467,000. 86.37% of the stock is owned by institutional investors and hedge funds.
Hubbell Company Profile
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical 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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