Hubbell Incorporated (HUBB) Analysts See $1.43 EPS

Patrice Gainsbourg
Julho 18, 2017

Several equities research analysts have recently issued reports on the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock.

On July 27 JP Morgan maintained a stock rating of "Neutral" and raised the price expectation from $101.00 to $108.00. The rating was initiated by JMP Securities with "Mkt Perform" on Monday, June 19.

On January 7, 2016 the stock rating was set at "Neutral" in a report from JP Morgan which was a cut from the previous "Overweight" rating. Zacks Investment Research lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Thursday, April 27th.

Hubbell Inc (NYSE HUBB) opened at 114.27 on Friday. The company's stock had a trading volume of 17,780 shares. The firm has a market capitalization of $6.25 billion, a P/E ratio of 21.44 and a beta of 1.01. The stock's 50 day moving average is $115.07 and its 200-day moving average is $117.67. Hubbell Inc has a 12-month low of $101.15 and a 12-month high of $125.93.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, April 25th. The business had revenue of $852.30 million during the quarter, compared to the consensus estimate of $848.70 million. Hubbell's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that Hubbell Inc will post $5.49 EPS for the current year.

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Among 5 analysts covering Hubbell Inc (NYSE:HUBB), 1 have Buy rating, 0 Sell and 4 Hold.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.45%. Hubbell's dividend payout ratio is now 52.83%.

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Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its stake in Hubbell by 564.1% in the fourth quarter. Norges Bank acquired a new stake in shares of Hubbell during the fourth quarter valued at about $52,918,000. Dimensional Fund Advisors LP raised its stake in shares of Hubbell by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 218,042 shares of the industrial products company's stock worth $25,446,000 after buying an additional 6,425 shares in the last quarter. Finally, Morgan Stanley raised its stake in Hubbell by 28.6% in the first quarter. Bain Capital Public Equity Management LLC acquired a new stake in shares of Hubbell during the fourth quarter valued at about $15,350,000. Victory Capital Management Inc. now owns 1,106,156 shares of the industrial products company's stock worth $132,794,000 after buying an additional 55,537 shares during the period. Finally, Boston Partners increased its position in Hubbell by 12.9% in the first quarter. Boston Partners now owns 1,100,419 shares of the industrial products company's stock worth $132,105,000 after buying an additional 125,457 shares during the period. The Company's divisions 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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