Hubbell (NYSE:HUBB) Hits New 12-Month Low - Should You Sell?

Hubbell Incorporated (NYSE:HUBB - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $316.34 and last traded at $324.07, with a volume of 77849 shares. The stock had previously closed at $332.01.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HUBB shares. Wells Fargo & Company dropped their target price on Hubbell from $455.00 to $450.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Barclays lowered their price target on shares of Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $462.13.

Hubbell Stock Down 1.8 %

The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 0.44. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.34 and a beta of 0.95. The business has a 50-day simple moving average of $370.54 and a two-hundred day simple moving average of $416.68.

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

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $1.32 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a yield of 1.67%. Hubbell's payout ratio is presently 36.77%.

Hubbell announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Alyssa R. Flynn sold 1,164 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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 of the company's stock, valued at approximately $1,683,462.62. The trade was a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Institutional Trading of Hubbell

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in Hubbell by 597.5% during the first quarter. Versant Capital Management Inc now owns 551 shares of the industrial products company's stock worth $182,000 after buying an additional 472 shares in the last quarter. Boston Common Asset Management LLC acquired a new stake in shares of Hubbell during the 1st quarter worth approximately $3,264,000. Insight Wealth Strategies LLC increased its position in shares of Hubbell by 16.7% during the first quarter. Insight Wealth Strategies LLC now owns 11,901 shares of the industrial products company's stock valued at $3,938,000 after purchasing an additional 1,699 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hubbell by 49.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 341 shares of the industrial products company's stock valued at $113,000 after purchasing an additional 113 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Hubbell by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 81,619 shares of the industrial products company's stock worth $34,189,000 after purchasing an additional 980 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

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.