Hubbell Incorporated (HUBB) Stock Rating Upgraded by BidaskClub
Hubbell Incorporated (NYSE:HUBB) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.
A number of other research firms also recently commented on HUBB. JMP Securities initiated coverage on shares of Hubbell in a research note on Monday, June 19th. They set a “market perform” rating for the company. Wolfe Research initiated coverage on shares of Hubbell in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Zacks Investment Research downgraded shares of Hubbell from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $126.67.
Hubbell (NYSE HUBB) traded up 0.17% during mid-day trading on Friday, reaching $112.98. The company had a trading volume of 27,962 shares. The stock has a market cap of $6.18 billion, a PE ratio of 21.43 and a beta of 1.01. The firm’s 50-day moving average price is $115.33 and its 200-day moving average price is $116.70. Hubbell has a 12 month low of $101.15 and a 12 month high of $125.93.
Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.11. Hubbell had a return on equity of 19.93% and a net margin of 8.52%. The firm had revenue of $948.30 million during the quarter, compared to analysts’ expectations of $937.35 million. During the same quarter in the prior year, the company earned $1.53 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Equities research analysts forecast that Hubbell will post $5.51 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Hubbell by 2.0% in the second quarter. Vanguard Group Inc. now owns 4,545,258 shares of the industrial products company’s stock worth $514,386,000 after buying an additional 89,275 shares in the last quarter. BlackRock Inc. increased its position in Hubbell by 1.4% in the second quarter. BlackRock Inc. now owns 4,282,003 shares of the industrial products company’s stock worth $484,595,000 after buying an additional 57,699 shares in the last quarter. American Century Companies Inc. increased its position in Hubbell by 12.0% in the second quarter. American Century Companies Inc. now owns 1,705,855 shares of the industrial products company’s stock worth $193,052,000 after buying an additional 182,968 shares in the last quarter. Bank of New York Mellon Corp increased its position in Hubbell by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 1,691,911 shares of the industrial products company’s stock worth $191,474,000 after buying an additional 122,855 shares in the last quarter. Finally, State Street Corp increased its position in Hubbell by 2.7% in the second quarter. State Street Corp now owns 1,438,263 shares of the industrial products company’s stock worth $162,771,000 after buying an additional 37,792 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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