Insider Selling: Hubbell (NYSE:HUBB) Insider Sells $945,813.52 in Stock

Hubbell Inc (NYSE:HUBB) insider Alyssa Flynn sold 2,011 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the transaction, the insider owned 3,243 shares of the company’s stock, valued at $1,525,247.76. This represents a 38.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hubbell Stock Performance

Shares of HUBB stock opened at $462.40 on Friday. The stock’s 50-day moving average is $436.38 and its two-hundred day moving average is $414.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.36. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $484.26. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.60 and a beta of 1.00.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.54 billion. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 35.24%.

Hedge Funds Weigh In On Hubbell

Institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Hubbell by 86.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 123,417 shares of the industrial products company’s stock worth $53,108,000 after acquiring an additional 57,291 shares during the period. Avestar Capital LLC increased its stake in shares of Hubbell by 61.3% during the third quarter. Avestar Capital LLC now owns 1,031 shares of the industrial products company’s stock worth $444,000 after acquiring an additional 392 shares during the period. Keyvantage Wealth LLC purchased a new position in Hubbell during the third quarter worth about $205,000. Beirne Wealth Consulting Services LLC purchased a new position in Hubbell during the third quarter worth about $261,000. Finally, Crestwood Advisors Group LLC lifted its position in Hubbell by 5.2% in the third quarter. Crestwood Advisors Group LLC now owns 565 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 28 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HUBB shares. Mizuho raised their target price on shares of Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus price target of $477.83.

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.