Hubbell Inc. (NYSE:HUBB) has received an average rating of “Hold” from the seven research firms that are covering the firm. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $102.50.
Separately, Zacks Investment Research raised shares of Hubbell from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Wednesday, October 19th.
A number of large investors have recently modified their holdings of the company. Rehmann Capital Advisory Group purchased a new stake in shares of Hubbell during the second quarter worth about $620,000. Bank of Montreal Can purchased a new stake in shares of Hubbell during the second quarter worth about $198,000. Oakbrook Investments LLC boosted its stake in shares of Hubbell by 6.9% in the second quarter. Oakbrook Investments LLC now owns 5,450 shares of the company’s stock worth $575,000 after buying an additional 350 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Hubbell by 67.7% in the second quarter. LS Investment Advisors LLC now owns 3,216 shares of the company’s stock worth $339,000 after buying an additional 1,298 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Hubbell by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 2,614 shares of the company’s stock worth $275,000 after buying an additional 182 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hubbell (NYSE:HUBB) traded down 0.63% during midday trading on Monday, hitting $111.77. The stock had a trading volume of 221,116 shares. Hubbell has a 1-year low of $83.16 and a 1-year high of $113.54. The firm has a market capitalization of $6.19 billion, a PE ratio of 21.78 and a beta of 0.92. The company’s 50 day moving average price is $106.46 and its 200-day moving average price is $105.67.
Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.50 by $0.13. The business had revenue of $907 million for the quarter, compared to analysts’ expectations of $910.78 million. Hubbell had a net margin of 8.33% and a return on equity of 19.40%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts predict that Hubbell will post $5.30 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 28th. This is a boost from Hubbell’s previous quarterly dividend of $0.63. This represents a $2.80 annualized dividend and a yield of 2.47%. Hubbell’s payout ratio is 48.93%.