Anderson Hoagland & Co. continued to hold its stake in Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,385 shares of the industrial products company’s stock at the end of the second quarter. Anderson Hoagland & Co.’s holdings in Hubbell were worth $609,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of HUBB. Meeder Asset Management Inc. raised its stake in shares of Hubbell by 2,397.4% in the second quarter. Meeder Asset Management Inc. now owns 974 shares of the industrial products company’s stock valued at $110,000 after buying an additional 935 shares during the period. TLP Group LLC acquired a new stake in shares of Hubbell during the first quarter valued at $126,000. Baystate Wealth Management LLC raised its stake in shares of Hubbell by 60.3% in the first quarter. Baystate Wealth Management LLC now owns 1,087 shares of the industrial products company’s stock valued at $128,000 after buying an additional 409 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of Hubbell during the first quarter valued at $204,000. Finally, Flinton Capital Management LLC raised its stake in shares of Hubbell by 7.1% in the first quarter. Flinton Capital Management LLC now owns 1,696 shares of the industrial products company’s stock valued at $204,000 after buying an additional 112 shares during the period. 85.31% of the stock is currently owned by institutional investors.
Shares of Hubbell Inc (NYSE:HUBB) traded down 0.73% during midday trading on Friday, hitting $116.30. The stock had a trading volume of 156,034 shares. The stock has a 50 day moving average of $115.60 and a 200-day moving average of $117.66. Hubbell Inc has a one year low of $101.15 and a one year high of $125.93. The company has a market cap of $6.40 billion, a P/E ratio of 21.97 and a beta of 1.01.
Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.12. Hubbell had a return on equity of 19.96% and a net margin of 8.37%. The business had revenue of $852.30 million for the quarter, compared to analysts’ expectations of $848.70 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Hubbell Inc will post $5.48 EPS for the current fiscal year.
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HUBB has been the topic of several research analyst reports. Zacks Investment Research lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. JMP Securities initiated coverage on Hubbell in a research report on Monday, June 19th. They set a “market perform” rating on the stock. Finally, Wolfe Research initiated coverage on Hubbell in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $122.00.
About Hubbell
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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