Mutual of America Capital Management LLC Has $2.36 Million Position in Hubbell Incorporated (NYSE:HUBB)

Mutual of America Capital Management LLC decreased its holdings in Hubbell Incorporated (NYSE:HUBB - Free Report) by 79.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,178 shares of the industrial products company's stock after selling 27,688 shares during the period. Mutual of America Capital Management LLC's holdings in Hubbell were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HUBB. Baillie Gifford & Co. purchased a new position in shares of Hubbell in the 4th quarter worth approximately $33,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Hubbell in the 2nd quarter valued at $50,000. First Manhattan Co. acquired a new position in shares of Hubbell in the 1st quarter valued at about $28,000. Atlas Capital Advisors LLC purchased a new stake in shares of Hubbell in the fourth quarter worth about $40,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Hubbell during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Price Performance

Shares of Hubbell stock traded down $4.25 during trading on Friday, hitting $388.03. 354,622 shares of the company were exchanged, compared to its average volume of 355,326. The firm has a 50 day moving average price of $391.82 and a 200 day moving average price of $339.38. Hubbell Incorporated has a fifty-two week low of $229.83 and a fifty-two week high of $429.61. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 2.39 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating 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 firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 earnings per share. On average, equities analysts expect that Hubbell Incorporated will post 16.43 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.26%. The ex-dividend date was Wednesday, February 28th. Hubbell's dividend payout ratio is currently 34.73%.

Analyst Ratings Changes

A number of research analysts have weighed in on HUBB shares. StockNews.com downgraded shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Barclays raised their target price on Hubbell from $340.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 2nd. Mizuho upped 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. 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 objective for the company. Finally, Wells Fargo & Company lifted their price objective on Hubbell from $351.00 to $360.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hubbell currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.57.

Insider Transactions at Hubbell

In other news, VP Nero Jonathan M. Del sold 1,098 shares of the firm's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.74, for a total value of $387,308.52. Following the transaction, the vice president now directly owns 3,646 shares in the company, valued at approximately $1,286,090.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the company'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 completion of the sale, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 1,098 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.74, for a total transaction of $387,308.52. Following the completion of the sale, the vice president now directly owns 3,646 shares of the company's stock, valued at $1,286,090.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,125 shares of company stock valued at $12,065,100. Insiders own 0.66% of the company's stock.

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.