Hubbell Incorporated (NYSE:HUBB) Position Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,752 shares of the industrial products company’s stock after acquiring an additional 151 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hubbell were worth $2,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Groupama Asset Managment grew its stake in Hubbell by 17.0% during the 3rd quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,010 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Hubbell in the 3rd quarter valued at approximately $33,000. Versant Capital Management Inc grew its stake in shares of Hubbell by 64.6% in the 4th quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock valued at $33,000 after buying an additional 31 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Hubbell in the 3rd quarter valued at approximately $41,000. Finally, Quarry LP bought a new stake in shares of Hubbell in the 2nd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HUBB. Deutsche Bank Aktiengesellschaft cut Hubbell from a “buy” rating to a “hold” rating and lowered their price target for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. JPMorgan Chase & Co. cut Hubbell from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $385.00 to $454.00 in a research note on Thursday, October 10th. Mizuho boosted their price target on Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Sanford C. Bernstein started coverage on Hubbell in a report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hubbell currently has a consensus rating of “Hold” and a consensus price target of $471.50.

Hubbell Stock Up 0.4 %

Shares of HUBB stock opened at $455.56 on Monday. Hubbell Incorporated has a 12 month low of $326.13 and a 12 month high of $481.35. The firm has a market cap of $24.45 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. The stock has a 50 day moving average of $442.63 and a 200-day moving average of $420.43. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $3.95 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Hubbell Incorporated will post 16.48 EPS for the current year.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 1,144 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the sale, the insider now directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. The trade was a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Hubbell Profile

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.