Hubbell Inc (NYSE: HUBB) is -5.71% lower on its value in year-to-date trading and has touched a low of $342.85 and a high of $481.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HUBB stock was last observed hovering at around $400.07 in the last trading session, with the day’s loss setting it -5.08%.
Currently trading at $394.99, the stock is -7.28% and -9.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -1.27% at the moment leaves the stock -3.69% off its SMA200. HUBB registered 12.54% gain for a year compared to 6-month gain of 9.41%. The firm has a 50-day simple moving average (SMA 50) of $435.8926 and a 200-day simple moving average (SMA200) of $411.17834.
The stock witnessed a -10.34% loss in the last 1 month and extending the period to 3 months gives it a -7.04%, and is -7.40% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.40% over the week and 2.89% over the month.
Hubbell Inc (HUBB) has around 18317 employees, a market worth around $21.20B and $5.63B in sales. Current P/E ratio is 27.49 and Fwd P/E is 20.73. Profit margin for the company is 13.79%. Distance from 52-week low is 15.21% and -17.94% from its 52-week high. The company has generated returns on investments over the last 12 months (16.48%).
The EPS is expected to grow by 6.47% this year
1146.0 institutions hold shares in Hubbell Inc (HUBB), with institutional investors hold 95.83% of the company’s shares. The shares outstanding are 53.67M, and float is at 53.48M with Short Float at 3.71%. Institutions hold 95.48% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.54 million shares valued at $2.39 billion. The investor’s holdings represent 12.1748 of the HUBB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.95 million shares valued at $1.81 billion to account for 9.2181 of the shares outstanding. The other top investors are FMR LLC which holds 2.35 million shares representing 4.3671 and valued at over $857.09 million, while STATE STREET CORP holds 3.8542 of the shares totaling 2.07 million with a market value of $756.44 million.
Hubbell Inc (HUBB) Insider Activity
The most recent transaction is an insider purchase by Malloy John F, the company’s Director. SEC filings show that Malloy John F bought 461 shares of the company’s common stock on Dec 10 ’24 at a price of $446.96 per share for a total of $0.21 million. Following the purchase, the insider now owns 18628.0 shares.
Hubbell Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Mikes Mark Eugene (President Electrical Solutions) sold a total of 1,144 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $466.20 per share for $0.53 million. Following the transaction, the insider now directly holds 2957.0 shares of the HUBB stock.
Still, SEC filings show that on Nov 06 ’24, DEL NERO JONATHAN M. (Vice President, Controller) disposed off 141 shares at an average price of $476.95 for $67250.0. The insider now directly holds 4,316 shares of Hubbell Inc (HUBB).
