Hubbell Incorporated (NYSE:HUBB) Receives $471.50 Average PT from Analysts

Hubbell Incorporated (NYSE:HUBB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $471.50.

A number of equities analysts have issued reports on HUBB shares. Sanford C. Bernstein began coverage on shares of Hubbell in a research note on Tuesday, November 5th. They issued an "outperform" rating and a $535.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Hubbell from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $493.00 to $473.00 in a research note on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Hubbell from an "overweight" rating to a "neutral" rating and upped their target price for the company from $385.00 to $454.00 in a research note on Thursday, October 10th. Morgan Stanley lifted their price target on shares of Hubbell from $407.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price objective on shares of Hubbell from $402.00 to $475.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th.

Hubbell Price Performance

NYSE HUBB traded up $1.77 on Friday, hitting $455.56. 470,149 shares of the company were exchanged, compared to its average volume of 360,575. Hubbell has a 1-year low of $326.13 and a 1-year high of $481.35. The firm has a 50 day moving average of $442.63 and a two-hundred day moving average of $420.11. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The company has a market cap of $24.45 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.57 and a beta of 0.93.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.47 by $0.02. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $3.95 earnings per share. Hubbell's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that Hubbell will post 16.48 EPS for the current year.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 1,144 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the transaction, the insider now owns 2,957 shares in the company, valued at $1,378,553.40. This trade represents a 27.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by insiders.

Institutional Trading of Hubbell

Hedge funds have recently modified their holdings of the stock. Groupama Asset Managment grew its stake in shares of Hubbell by 17.0% in the third quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 1,010 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Hubbell during the 3rd quarter worth approximately $33,000. Versant Capital Management Inc increased its holdings in shares of Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock worth $33,000 after purchasing an additional 31 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Hubbell in the third quarter valued at approximately $41,000. Finally, Quarry LP bought a new stake in shares of Hubbell in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 88.16% of the company's stock.

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.