SeaCrest Wealth Management LLC Has $1.14 Million Stake in Hubbell Incorporated (NYSE:HUBB)

SeaCrest Wealth Management LLC reduced its holdings in Hubbell Incorporated (NYSE:HUBB - Free Report) by 81.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,736 shares of the industrial products company's stock after selling 12,299 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Hubbell were worth $1,136,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HUBB. EverSource Wealth Advisors LLC boosted its holdings in shares of Hubbell by 1,850.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company's stock worth $26,000 after purchasing an additional 74 shares during the period. Lindbrook Capital LLC increased its holdings in Hubbell by 127.5% in the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company's stock valued at $30,000 after buying an additional 51 shares during the period. Baillie Gifford & Co. bought a new stake in shares of Hubbell in the 4th quarter worth about $33,000. Principal Securities Inc. bought a new stake in shares of Hubbell in the 4th quarter worth about $40,000. Finally, Riverview Trust Co acquired a new position in Hubbell during the 1st quarter worth about $52,000. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a research report on Monday, March 11th. They set a "hold" rating and a $427.00 target price on the stock. Wells Fargo & Company reduced their price objective on shares of Hubbell from $435.00 to $397.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 1st. Barclays reduced their price objective on shares of Hubbell from $400.00 to $384.00 and set an "equal weight" rating for the company in a research report on Thursday, May 2nd. Finally, Mizuho boosted their target price on shares of Hubbell from $370.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $386.57.

Insider Activity at Hubbell

In related news, Director Neal J. Keating bought 500 shares of the company's stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $378.77 per share, with a total value of $189,385.00. Following the completion of the acquisition, the director now owns 8,571 shares of the company's stock, valued at approximately $3,246,437.67. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Neal J. Keating acquired 500 shares of Hubbell stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $378.77 per share, for a total transaction of $189,385.00. Following the completion of the transaction, the director now owns 8,571 shares in the company, valued at $3,246,437.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alyssa R. Flynn sold 1,106 shares of the company's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $406.79, for a total value of $449,909.74. Following the completion of the sale, the insider now owns 4,234 shares of the company's stock, valued at approximately $1,722,348.86. The disclosure for this sale can be found here. Insiders have sold 3,055 shares of company stock worth $1,232,139 over the last ninety days. 0.78% of the stock is owned by corporate insiders.

Hubbell Stock Performance

Shares of HUBB stock traded up $5.12 on Wednesday, hitting $370.93. 334,883 shares of the stock were exchanged, compared to its average volume of 454,294. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $19.92 billion, a PE ratio of 27.66, a P/E/G ratio of 1.35 and a beta of 0.90. Hubbell Incorporated has a one year low of $248.37 and a one year high of $429.61. The firm's 50 day moving average is $386.45 and its two-hundred day moving average is $373.26.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.54 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a return on equity of 29.55% and a net margin of 13.23%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $3.61 EPS. Sell-side analysts expect that Hubbell Incorporated will post 16.33 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $1.22 per share. The ex-dividend date was Friday, May 31st. This represents a $4.88 annualized dividend and a dividend yield of 1.32%. Hubbell's dividend payout ratio is presently 36.39%.

Hubbell 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.