Blueprint Investment Partners LLC Invests $1.85 Million in Hubbell Incorporated (NYSE:HUBB)

Blueprint Investment Partners LLC acquired a new position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,421 shares of the industrial products company's stock, valued at approximately $1,852,000.

A number of other large investors have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new position in Hubbell in the 4th quarter worth approximately $7,498,000. AXQ Capital LP purchased a new stake in shares of Hubbell in the 4th quarter valued at $754,000. Mizuho Securities USA LLC boosted its holdings in shares of Hubbell by 46.1% in the 4th quarter. Mizuho Securities USA LLC now owns 5,087 shares of the industrial products company's stock valued at $2,131,000 after acquiring an additional 1,606 shares during the last quarter. Mindset Wealth Management LLC increased its stake in shares of Hubbell by 1.7% in the fourth quarter. Mindset Wealth Management LLC now owns 1,655 shares of the industrial products company's stock worth $693,000 after acquiring an additional 27 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Hubbell during the fourth quarter worth $210,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $389.06, for a total transaction of $452,865.84. Following the completion of the sale, the insider now directly owns 4,327 shares in the company, valued at approximately $1,683,462.62. The trade was a 21.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.

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Hubbell Price Performance

Shares of Hubbell stock traded down $4.59 on Thursday, hitting $342.04. The company's stock had a trading volume of 379,098 shares, compared to its average volume of 477,357. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. Hubbell Incorporated has a 1 year low of $330.32 and a 1 year high of $481.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.64. The firm has a fifty day moving average price of $382.09 and a 200-day moving average price of $418.74.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $4.10 EPS for the quarter, beating analysts' consensus estimates of $4.02 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.41 billion. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The business's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.69 earnings per share. As a group, sell-side analysts anticipate that Hubbell Incorporated will post 17.63 earnings per share for the current fiscal year.

Hubbell announced that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, February 28th. Hubbell's dividend payout ratio is presently 36.77%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Hubbell from a "buy" rating to a "hold" rating in a report on Wednesday. Wells Fargo & Company lowered their target price on Hubbell from $455.00 to $450.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays dropped their target price on Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hubbell currently has an average rating of "Hold" and an average price target of $462.13.

About Hubbell

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.