Creative Financial Designs Inc. ADV Raises Position in Hubbell Incorporated (NYSE:HUBB)

Creative Financial Designs Inc. ADV grew its position in Hubbell Incorporated (NYSE:HUBB) by 85.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65 shares of the industrial products company’s stock after acquiring an additional 30 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Hubbell were worth $27,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HUBB. Oppenheimer & Co. Inc. purchased a new stake in Hubbell during the third quarter worth about $255,000. Natixis Advisors LLC boosted its holdings in Hubbell by 2.0% during the third quarter. Natixis Advisors LLC now owns 22,445 shares of the industrial products company’s stock worth $9,614,000 after buying an additional 445 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Hubbell by 286.9% during the third quarter. Thrivent Financial for Lutherans now owns 8,381 shares of the industrial products company’s stock worth $3,590,000 after buying an additional 6,215 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Hubbell during the third quarter worth about $2,750,000. Finally, Prospera Private Wealth LLC purchased a new stake in Hubbell during the third quarter worth about $33,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Activity

In related news, insider Alyssa R. Flynn sold 1,164 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $389.06, for a total transaction of $452,865.84. Following the completion of the transaction, the insider now owns 4,327 shares of the company’s stock, valued at approximately $1,683,462.62. This represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB opened at $338.08 on Friday. 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 stock has a market cap of $18.14 billion, a P/E ratio of 23.54, a PEG ratio of 1.34 and a beta of 0.95. The company has a 50-day moving average of $388.41 and a two-hundred day moving average of $419.45. Hubbell Incorporated has a 12-month low of $330.32 and a 12-month high of $481.35.

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

Hubbell declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, February 28th. Hubbell’s dividend payout ratio is presently 36.77%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Hubbell from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $493.00 to $473.00 in a report on Tuesday, November 26th. Wells Fargo & Company decreased their price objective on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Finally, Barclays cut their target price on shares of Hubbell from $475.00 to $422.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hubbell currently has a consensus rating of “Hold” and a consensus target price of $464.88.

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.