SageView Advisory Group LLC Buys Shares of 815 Hubbell Incorporated (NYSE:HUBB)

SageView Advisory Group LLC purchased a new position in Hubbell Incorporated (NYSE:HUBB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 815 shares of the industrial products company's stock, valued at approximately $341,000.

Other institutional investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in Hubbell by 85.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 30 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Hubbell during the 4th quarter worth approximately $30,000. Versant Capital Management Inc boosted 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 valued at $33,000 after acquiring an additional 31 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Hubbell by 69.7% during the fourth quarter. Venturi Wealth Management LLC now owns 129 shares of the industrial products company's stock worth $54,000 after buying an additional 53 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Hubbell during the fourth quarter valued at $69,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Price Performance

Shares of HUBB stock traded down $0.42 during mid-day trading on Friday, reaching $338.36. The company's stock had a trading volume of 466,124 shares, compared to its average volume of 517,997. 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's 50-day moving average is $351.09 and its two-hundred day moving average is $409.07. Hubbell Incorporated has a 1-year low of $299.43 and a 1-year high of $481.35. The company has a market cap of $18.16 billion, a P/E ratio of 23.56, a PEG ratio of 1.34 and a beta of 0.95.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates 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 business earned $3.69 earnings per share. On average, research analysts predict that Hubbell Incorporated will post 17.63 earnings per share for the current year.

Hubbell announced that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 2.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $1.32 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.56%. Hubbell's dividend payout ratio is 36.77%.

Insider Buying and Selling

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of Hubbell 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HUBB has been the topic of a number of research reports. Barclays dropped their target price 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. Wells Fargo & Company cut their target price on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on shares of Hubbell from $430.00 to $352.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, StockNews.com downgraded Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Hubbell currently has an average rating of "Hold" and an average target price of $449.38.

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.