Hubbell Incorporated (NYSE:HUBB) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its position in Hubbell Incorporated (NYSE:HUBB) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,426 shares of the industrial products company’s stock after selling 345 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.23% of Hubbell worth $52,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new position in shares of Hubbell in the 3rd quarter worth about $33,000. Versant Capital Management Inc boosted its stake in Hubbell by 64.6% in 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. Ashton Thomas Securities LLC bought a new position in shares of Hubbell during the third quarter valued at approximately $41,000. Northwest Investment Counselors LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth approximately $58,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Hubbell by 84.7% in the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 72 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $401.04 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.64. The company has a market capitalization of $21.52 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The stock has a fifty day moving average of $433.34 and a 200-day moving average of $422.15. Hubbell Incorporated has a one year low of $346.13 and a one year high of $481.35.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $3.69 EPS. Hubbell’s revenue was down .9% on a year-over-year basis. As a group, equities analysts anticipate that Hubbell Incorporated will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $1.32 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.28 annualized dividend and a dividend yield of 1.32%. Hubbell’s dividend payout ratio (DPR) is presently 36.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HUBB shares. Mizuho increased their target price on Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Sanford C. Bernstein began coverage on shares of Hubbell in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 target price for the company. Wells Fargo & Company reduced their price objective on Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley raised their target price on Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $471.50.

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.