Stevens Capital Management LP Takes Position in Hubbell Incorporated (NYSE:HUBB)

Stevens Capital Management LP bought a new stake in shares of Hubbell Incorporated (NYSE:HUBB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 718 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. North Star Asset Management Inc. lifted its position in shares of Hubbell by 1.5% during the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company’s stock valued at $746,000 after buying an additional 36 shares in the last quarter. Xponance Inc. lifted its holdings in Hubbell by 0.4% in the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock valued at $3,006,000 after purchasing an additional 36 shares in the last quarter. Lindenwold Advisors INC lifted its holdings in Hubbell by 1.6% in the 3rd quarter. Lindenwold Advisors INC now owns 2,584 shares of the industrial products company’s stock valued at $810,000 after purchasing an additional 41 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Hubbell by 2.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 45 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in Hubbell by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 1.3 %

Shares of NYSE HUBB traded up $5.26 during trading on Friday, hitting $407.53. 359,599 shares of the company were exchanged, compared to its average volume of 404,981. The company has a fifty day moving average price of $394.99 and a 200-day moving average price of $341.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. The firm has a market capitalization of $21.86 billion, a PE ratio of 28.63, a P/E/G ratio of 2.43 and a beta of 0.94. Hubbell Incorporated has a 12-month low of $248.37 and a 12-month high of $429.61.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $2.60 EPS. As a group, equities research analysts expect that Hubbell Incorporated will post 16.43 EPS for the current year.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research reports. Barclays raised their price objective on Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised their price objective on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Mizuho raised their price objective on Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hubbell in a report on Monday, March 11th. They set a “hold” rating and a $427.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.57.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 397 shares of Hubbell stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the completion of the transaction, the insider now directly owns 4,899 shares of the company’s stock, valued at approximately $1,780,541.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Hubbell news, CFO William R. Sperry sold 14,925 shares of Hubbell stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $352.99, for a total value of $5,268,375.75. Following the completion of the transaction, the chief financial officer now directly owns 37,848 shares of the company’s stock, valued at approximately $13,359,965.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Eugene Mikes sold 397 shares of Hubbell stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $363.45, for a total value of $144,289.65. Following the completion of the transaction, the insider now directly owns 4,899 shares of the company’s stock, valued at $1,780,541.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,125 shares of company stock valued at $12,065,100. 0.66% of the stock is currently owned by insiders.

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.