Avior Wealth Management LLC Purchases 79 Shares of Hubbell Incorporated (NYSE:HUBB)

Avior Wealth Management LLC grew its holdings in Hubbell Incorporated (NYSE:HUBB) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,101 shares of the industrial products company’s stock after buying an additional 79 shares during the quarter. Avior Wealth Management LLC’s holdings in Hubbell were worth $691,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Manhattan Co. acquired a new stake in Hubbell in the 1st quarter valued at $28,000. Baillie Gifford & Co. bought a new stake in shares of Hubbell in the 4th quarter worth about $33,000. Atlas Capital Advisors LLC acquired a new stake in shares of Hubbell during the 4th quarter worth about $40,000. Coppell Advisory Solutions Corp. acquired a new position in Hubbell in the fourth quarter valued at about $47,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Hubbell in the second quarter valued at about $50,000. 88.16% of the stock is owned by institutional investors.

Insider Activity

In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 37,848 shares of the company’s stock, valued at approximately $13,359,965.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Nero Jonathan M. Del sold 1,098 shares of Hubbell stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the completion of the transaction, the vice president now directly owns 3,646 shares in the company, valued at approximately $1,286,090.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The disclosure for this sale can be found here. Insiders have sold 34,125 shares of company stock worth $12,065,100 over the last ninety days. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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. Barclays upped their price target on shares of Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Wells Fargo & Company upped their target price on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Mizuho boosted their price objective on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $383.57.

Hubbell Trading Down 1.3 %

HUBB opened at $391.03 on Thursday. The stock has a market capitalization of $20.97 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.41 and a beta of 0.94. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Hubbell Incorporated has a 12 month low of $229.09 and a 12 month high of $429.61. The firm’s fifty day simple moving average is $389.91 and its 200 day simple moving average is $338.09.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.11. The firm 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 company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $2.60 EPS. As a group, research analysts anticipate that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 28th. Hubbell’s dividend payout ratio (DPR) is currently 34.73%.

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.