Golden State Wealth Management LLC Invests $69,000 in Hubbell Incorporated (NYSE:HUBB)

Golden State Wealth Management LLC purchased a new stake in Hubbell Incorporated (NYSE:HUBB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 165 shares of the industrial products company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Groupama Asset Managment lifted its position in shares of Hubbell by 17.0% during the 3rd quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,010 shares during the period. Prospera Private Wealth LLC purchased a new position in Hubbell in the 3rd quarter valued at approximately $33,000. Versant Capital Management Inc raised its holdings in Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 31 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Hubbell during the third quarter worth $41,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Hubbell in the third quarter valued at $58,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Hubbell from a “buy” rating to a “hold” rating and lowered their price objective for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Mizuho raised their price objective on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Sanford C. Bernstein assumed coverage on Hubbell in a research report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective for the company. Wells Fargo & Company lowered their target price on Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays boosted their price target on Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Hubbell presently has an average rating of “Hold” and a consensus price target of $471.50.

Hubbell Trading Down 0.2 %

Shares of HUBB stock opened at $399.94 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.44. Hubbell Incorporated has a fifty-two week low of $346.13 and a fifty-two week high of $481.35. The firm’s 50 day moving average price is $433.34 and its two-hundred day moving average price is $422.91. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92.

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

Hubbell Dividend Announcement

The firm 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 $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, February 28th. Hubbell’s payout ratio is 36.77%.

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.