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

Stevens Capital Management LP acquired a new stake in Hubbell Incorporated (NYSE:HUBB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 718 shares of the industrial products company’s stock, valued at approximately $236,000.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its stake in shares of Hubbell by 127.5% in the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. Baillie Gifford & Co. bought a new stake in shares of Hubbell in the 4th quarter valued at approximately $33,000. Sentry Investment Management LLC bought a new stake in shares of Hubbell in the 4th quarter valued at approximately $91,000. Grove Bank & Trust grew its stake in shares of 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 during the period. Finally, Blue Trust Inc. grew its position in Hubbell by 43.2% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 128 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider Mark Eugene Mikes sold 397 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the transaction, the insider now owns 4,899 shares of the company’s stock, valued at approximately $1,780,541.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO William R. Sperry sold 14,925 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the sale, the chief financial officer now owns 37,848 shares of the company’s stock, valued at approximately $13,359,965.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Eugene Mikes sold 397 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the sale, the insider now directly owns 4,899 shares in the company, valued at approximately $1,780,541.55. The disclosure for this sale can be found here. Insiders have sold a total of 34,125 shares of company stock valued at $12,065,100 in the last 90 days. 0.66% of the stock is owned by company insiders.

Hubbell Trading Up 1.3 %

HUBB traded up $5.26 during mid-day trading on Friday, reaching $407.53. The stock had a trading volume of 359,599 shares, compared to its average volume of 404,981. The firm’s fifty day simple moving average is $394.99 and its two-hundred day simple moving average is $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 stock has a market capitalization of $21.86 billion, a P/E ratio of 28.63, a P/E/G ratio of 2.43 and a beta of 0.94. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.11. The company had revenue of $1.35 billion for 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 firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.60 EPS. On average, equities analysts predict that Hubbell Incorporated will post 16.43 EPS for the current year.

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.