Financial Engines Advisors L.L.C. Purchases New Holdings in Hubbell Incorporated (NYSE:HUBB)

Financial Engines Advisors L.L.C. 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 764 shares of the industrial products company's stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HUBB. MassMutual Private Wealth & Trust FSB grew its holdings in Hubbell by 12.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 228 shares of the industrial products company's stock worth $96,000 after acquiring an additional 25 shares during the period. JGP Wealth Management LLC boosted its holdings in shares of Hubbell by 1.2% in the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company's stock worth $884,000 after buying an additional 26 shares during the period. Sanctuary Advisors LLC increased its position in shares of Hubbell by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 5,422 shares of the industrial products company's stock worth $2,313,000 after acquiring an additional 27 shares in the last quarter. Mindset Wealth Management LLC raised its holdings in shares of Hubbell by 1.7% during the fourth quarter. Mindset Wealth Management LLC now owns 1,655 shares of the industrial products company's stock valued at $693,000 after acquiring an additional 27 shares during the period. Finally, Avestar Capital LLC lifted its position in shares of Hubbell by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 577 shares of the industrial products company's stock valued at $247,000 after acquiring an additional 28 shares in the last quarter. 88.16% of the stock is owned by institutional investors.

Remove Ads

Hubbell Stock Up 0.5 %

Shares of Hubbell stock traded up $1.62 during trading on Tuesday, hitting $332.53. 470,812 shares of the stock traded hands, compared to its average volume of 494,135. The company has a fifty day moving average price of $375.48 and a two-hundred day moving average price of $417.88. Hubbell Incorporated has a twelve month low of $316.34 and a twelve month high of $481.35. The stock has a market cap of $17.85 billion, a P/E ratio of 23.16, a PEG ratio of 1.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.64.

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

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $1.32 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.28 annualized dividend and a yield of 1.59%. Hubbell's dividend payout ratio (DPR) is currently 36.77%.

Hubbell announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have issued reports on HUBB shares. Barclays cut their target price on shares of Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company dropped their price target on Hubbell from $455.00 to $450.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Hubbell from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $462.13.

Insiders Place Their Bets

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the 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 transaction, the insider now owns 4,327 shares in the company, valued at $1,683,462.62. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.66% of the company's stock.

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.