Hubbell Incorporated (NYSE:HUBB) Short Interest Update

Hubbell Incorporated (NYSE:HUBB - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,230,000 shares, an increase of 27.3% from the March 31st total of 966,500 shares. Based on an average trading volume of 425,500 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.3% of the shares of the company are short sold.

Hubbell Price Performance

NYSE HUBB traded up $5.26 during trading hours on Friday, reaching $407.53. The company's stock had a trading volume of 359,603 shares, compared to its average volume of 352,773. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 2.48 and a beta of 0.94. Hubbell has a 1-year low of $248.37 and a 1-year high of $429.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. The company's 50-day moving average is $395.96 and its two-hundred day moving average is $343.10.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, topping the consensus estimate of $3.58 by $0.11. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $2.60 EPS. Hubbell's quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Hubbell will post 16.43 EPS for the current year.

Insiders Place Their Bets

In other Hubbell news, CEO Gerben Bakker sold 13,355 shares of Hubbell stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the completion of the sale, the chief executive officer now owns 51,783 shares of the company's stock, valued at approximately $18,286,130.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $144,289.65. Following the completion of the sale, the insider now owns 4,899 shares of the company's stock, valued at approximately $1,780,541.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerben Bakker sold 13,355 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $353.13, for a total value of $4,716,051.15. Following the completion of the transaction, the chief executive officer now directly owns 51,783 shares of the company's stock, valued at approximately $18,286,130.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,125 shares of company stock valued at $12,065,100. 0.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hubbell

Several large investors have recently bought and sold shares of HUBB. EverSource Wealth Advisors LLC increased its stake in Hubbell by 1,850.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company's stock worth $26,000 after buying an additional 74 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Hubbell by 127.5% in the fourth 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 in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Hubbell in the fourth quarter valued at approximately $33,000. Principal Securities Inc. purchased a new stake in shares of Hubbell in the fourth quarter valued at approximately $40,000. Finally, Riverview Trust Co purchased a new stake in shares of Hubbell in the first quarter valued at approximately $52,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho boosted 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 cut Hubbell from a "buy" rating to a "hold" rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Hubbell in a report on Monday, March 11th. They issued a "hold" rating and a $427.00 price objective for the company. Wells Fargo & Company boosted 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. Finally, Barclays boosted 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $383.57.

Hubbell Company 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.