Wealth Management Nebraska Invests $252,000 in Hubbell Incorporated (NYSE:HUBB)

Wealth Management Nebraska bought a new stake in shares of Hubbell Incorporated (NYSE:HUBB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 602 shares of the industrial products company’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of Hubbell during the 4th quarter valued at approximately $30,000. Prospera Private Wealth LLC purchased a new stake in Hubbell during the third quarter valued at $33,000. Versant Capital Management Inc lifted its position in Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 31 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Hubbell in the 3rd quarter worth $41,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Hubbell by 69.7% in the 4th quarter. Venturi Wealth Management LLC now owns 129 shares of the industrial products company’s stock worth $54,000 after buying an additional 53 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on HUBB shares. Wells Fargo & Company dropped their price target on Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised Hubbell from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Barclays raised their price target on Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut shares of Hubbell from a “buy” rating to a “hold” rating and cut their price objective for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein began coverage on shares of Hubbell in a report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 target price for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hubbell currently has an average rating of “Hold” and a consensus price target of $471.50.

Hubbell Stock Down 3.3 %

Shares of HUBB opened at $376.74 on Friday. The firm has a fifty day moving average price of $421.57 and a 200-day moving average price of $423.47. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $20.22 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.35 and a beta of 0.92. Hubbell Incorporated has a 12-month low of $346.13 and a 12-month high of $481.35.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.08. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Hubbell had a net margin of 13.82% and a return on equity of 28.62%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $3.69 EPS. Equities research analysts expect that Hubbell Incorporated will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, February 28th. Hubbell’s dividend payout ratio (DPR) is presently 36.77%.

Hubbell declared that its board has initiated a share repurchase program on Wednesday, February 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.