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After finishing at $366.61 in the prior trading day, Hubbell Inc. (NYSE: HUBB) closed at $368.78, up 0.59%. In other words, the price has increased by $0.59 from its previous closing price. On the day, 0.83 million shares were traded. HUBB stock price reached its highest trading level at $380.265 during the session, while it also had its lowest trading level at $365.5.
Ratios:
Our goal is to gain a better understanding of HUBB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 49.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.66. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on March 11, 2024, initiated with a Hold rating and assigned the stock a target price of $427.
On December 08, 2023, TD Cowen started tracking the stock assigning a Outperform rating and target price of $338.
On December 04, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $325.Barclays initiated its Equal Weight rating on December 04, 2023, with a $325 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’24 when Mikes Mark Eugene sold 479 shares for $404.90 per share. The transaction valued at 193,947 led to the insider holds 2,957 shares of the business.
FLYNN ALYSSA R sold 7 shares of HUBB for $2,783 on May 15 ’24. The Chief Human Resources Officer now owns 4,226 shares after completing the transaction at $403.82 per share. On May 14 ’24, another insider, FLYNN ALYSSA R, who serves as the Chief Human Resources Officer of the company, sold 1 shares for $399.82 each. As a result, the insider received 346 and left with 4,233 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HUBB now has a Market Capitalization of 19798323200 and an Enterprise Value of 21674321920. As of this moment, Hubbell’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.51, and their Forward P/E ratio for the next fiscal year is 21.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.61 while its Price-to-Book (P/B) ratio in mrq is 6.76. Its current Enterprise Value per Revenue stands at 3.95 whereas that against EBITDA is 18.083.
Stock Price History:
The Beta on a monthly basis for HUBB is 0.89, which has changed by 0.10499191 over the last 52 weeks, in comparison to a change of 0.22226071 over the same period for the S&P500. Over the past 52 weeks, HUBB has reached a high of $429.61, while it has fallen to a 52-week low of $248.37. The 50-Day Moving Average of the stock is -3.95%, while the 200-Day Moving Average is calculated to be 4.57%.
Shares Statistics:
The stock has traded on average 509.96K shares per day over the past 3-months and 520053 shares per day over the last 10 days, according to various share statistics. A total of 53.73M shares are outstanding, with a floating share count of 53.49M. Insiders hold about 0.36% of the company’s shares, while institutions hold 91.38% stake in the company. Shares short for HUBB as of 1719532800 were 1632473 with a Short Ratio of 3.20, compared to 1717113600 on 1674744. Therefore, it implies a Short% of Shares Outstanding of 1632473 and a Short% of Float of 3.49.
Dividends & Splits
In the trailing 12 months, HUBB’s forward annual dividend rate was 4.68, compared to 4.78 this year. Against a Trailing Annual Dividend Yield of 0.01276561The stock’s 5-year Average Dividend Yield is 2.02. The current Payout Ratio is 32.63% for HUBB, which recently paid a dividend on 2024-05-31 with an ex-dividend date of 1717113600. Stock splits for the company last occurred on 1996-08-12 when the company split stock in a 2:1 ratio.
