Crossmark Global Holdings Inc. Sells 210 Shares of Hubbell Incorporated (NYSE:HUBB)

Crossmark Global Holdings Inc. cut its position in shares of Hubbell Incorporated (NYSE:HUBB) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,191 shares of the industrial products company’s stock after selling 210 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hubbell were worth $918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Groupama Asset Managment raised its holdings in shares of Hubbell by 17.0% in the third quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 1,010 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Hubbell in the third quarter valued at $33,000. Versant Capital Management Inc grew its position in Hubbell by 64.6% in the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 31 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Hubbell during the 3rd quarter worth about $41,000. Finally, Quarry LP acquired a new position in shares of Hubbell during the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley increased their price target on Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Barclays raised their target price on shares of Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered shares of Hubbell from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Sanford C. Bernstein assumed coverage on shares of Hubbell in a research note on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hubbell has a consensus rating of “Hold” and an average price target of $471.50.

Hubbell Stock Up 0.4 %

Shares of HUBB opened at $455.56 on Friday. The firm’s 50-day simple moving average is $442.63 and its 200 day simple moving average is $419.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The firm has a market cap of $24.45 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. Hubbell Incorporated has a 52 week low of $326.13 and a 52 week high of $481.35.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 earnings per share. On average, analysts forecast that Hubbell Incorporated will post 16.48 earnings per share for the current year.

Insider Activity

In other news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the sale, the insider now directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. The trade was a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

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.