Hubbell Inc (HUBB) Given Consensus Recommendation of “Hold” by Analysts
Hubbell Inc (NYSE:HUBB) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $121.50.
HUBB has been the topic of several recent analyst reports. BidaskClub raised shares of Hubbell from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Hubbell from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. JMP Securities initiated coverage on shares of Hubbell in a research note on Monday, June 19th. They issued a “market perform” rating on the stock. Finally, Wolfe Research initiated coverage on shares of Hubbell in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock.
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Hubbell (HUBB) opened at 114.01 on Tuesday. The stock has a market cap of $6.24 billion, a PE ratio of 21.63 and a beta of 1.03. The company’s 50 day moving average is $113.69 and its 200 day moving average is $115.88. Hubbell has a 12 month low of $101.15 and a 12 month high of $125.93.
Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.11. The company had revenue of $948.30 million for the quarter, compared to the consensus estimate of $937.35 million. Hubbell had a net margin of 8.23% and a return on equity of 19.77%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. On average, analysts anticipate that Hubbell will post $5.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.46%. The ex-dividend date was Tuesday, August 29th. Hubbell’s dividend payout ratio is presently 53.03%.
A number of hedge funds have recently bought and sold shares of HUBB. Meeder Asset Management Inc. increased its stake in Hubbell by 2,397.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 974 shares of the industrial products company’s stock worth $110,000 after buying an additional 935 shares during the period. Acrospire Investment Management LLC increased its stake in Hubbell by 103.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 985 shares of the industrial products company’s stock worth $111,000 after buying an additional 500 shares during the period. TLP Group LLC purchased a new position in Hubbell in the 1st quarter worth about $126,000. Cubist Systematic Strategies LLC purchased a new position in Hubbell in the 2nd quarter worth about $182,000. Finally, Global X Management Co. LLC increased its stake in Hubbell by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,760 shares of the industrial products company’s stock worth $199,000 after buying an additional 1,210 shares during the period. 85.15% of the stock is currently owned by institutional investors.
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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