Capital Asset Advisory Services LLC Buys New Stake in Hubbell Incorporated (NYSE:HUBB)


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Capital Asset Advisory Services LLC bought a new stake in Hubbell Incorporated (NYSE:HUBB) during the fourth quarter, Holdings Channel.com reports. The fund bought 738 shares of the industrial products company’s stock, valued at approximately $116,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TD Ameritrade Investment Management LLC purchased a new position in Hubbell during the 4th quarter worth $49,000. Cutler Group LP grew its position in Hubbell by 290.0% during the 4th quarter. Cutler Group LP now owns 390 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 290 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Hubbell by 676.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 427 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 372 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Hubbell during the 4th quarter worth $71,000. Finally, Van ECK Associates Corp grew its position in Hubbell by 32.7% during the 3rd quarter. Van ECK Associates Corp now owns 540 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 133 shares during the last quarter. 84.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HUBB opened at $187.78 on Thursday. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.71 and a beta of 1.19. The firm’s 50-day simple moving average is $182.65 and its 200-day simple moving average is $162.02. The company has a quick ratio of 1.33, a current ratio of 2.07 and a debt-to-equity ratio of 0.71. Hubbell Incorporated has a fifty-two week low of $105.34 and a fifty-two week high of $196.05.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Monday, February 1st. The industrial products company reported $1.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.01). Hubbell had a net margin of 8.75% and a return on equity of 21.38%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned $1.91 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts forecast that Hubbell Incorporated will post 7.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, February 25th. Hubbell’s dividend payout ratio (DPR) is 48.28%.

Several research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Hubbell from $178.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 3rd. Zacks Investment Research raised shares of Hubbell from a “hold” rating to a “buy” rating and set a $196.00 target price on the stock in a report on Friday, March 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $165.17.

In related news, VP Stephen M. Mais sold 1,080 shares of the firm’s stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $166.63, for a total value of $179,960.40. Following the completion of the sale, the vice president now owns 14,981 shares in the company, valued at $2,496,284.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen M. Mais sold 3,216 shares of the firm’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $163.74, for a total transaction of $526,587.84. Following the completion of the sale, the vice president now owns 22,617 shares of the company’s stock, valued at approximately $3,703,307.58. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments, Electrical Solution and Utility Solution. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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