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MAI Capital Management lowered its position in shares of Hubbell Incorporated ( NYSE:HUBB – Free Report ) by 49.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,432 shares of the industrial products company’s stock after selling 1,382 shares during the quarter. MAI Capital Management’s holdings in Hubbell were worth $613,000 as of its most recent SEC filing. A number of other large investors have also recently bought and sold shares of HUBB. Ashton Thomas Securities LLC bought a new stake in shares of Hubbell in the 3rd quarter valued at $41,000. Quarry LP bought a new stake in Hubbell in the second quarter valued at $49,000. Northwest Investment Counselors LLC acquired a new position in shares of Hubbell during the third quarter valued at about $58,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hubbell in the 2nd quarter valued at about $62,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Hubbell by 23.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 184 shares of the industrial products company’s stock valued at $67,000 after buying an additional 35 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the transaction, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . 0.66% of the stock is currently owned by corporate insiders. Hubbell Trading Up 0.9 % Hubbell ( NYSE:HUBB – Get Free Report ) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $3.95 earnings per share. Hubbell’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Hubbell Incorporated will post 16.47 earnings per share for the current fiscal year. Hubbell Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.28 annualized dividend and a yield of 1.15%. This is a positive change from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s dividend payout ratio is presently 38.04%. Wall Street Analysts Forecast Growth Several brokerages have issued reports on HUBB. Wells Fargo & Company increased their price target on Hubbell from $445.00 to $455.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded shares of Hubbell from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $385.00 to $454.00 in a research report on Thursday, October 10th. Stephens restated an “overweight” rating and set a $450.00 price objective on shares of Hubbell in a report on Friday, August 2nd. Morgan Stanley lifted their price objective on shares of Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Mizuho upped their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $445.56. View Our Latest Report on Hubbell Hubbell Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding HUBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hubbell Incorporated ( NYSE:HUBB – Free Report ). Receive News & Ratings for Hubbell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hubbell and related companies with MarketBeat.com's FREE daily email newsletter .
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Rohit Sharma scripts ignominious record after Melbourne double failure as merciless fans say 'happy retirement'Canada is already examining tariffs on certain US items following Trump's tariff threatWorkFar Robotics Mass Produces Humanoid Robots without Venture CapitalCayden Primeau has to be feeling the pressure. After a disappointing start to his season, the backup goaltender has seen little ice time lately. He needs to turn it around to secure his spot on the roster and tonight’s game against Columbus his his opportunity. Should he have a solid performance, the Canadiens will undoubtedly give him a little more rope; should he flounder, it’s hard to imagine general manager Kent Hughes remaining patient for much longer. Whether the option is to call up a goaltender from Laval or to acquire a veteran through trade or free agency, if Primeau continues his sub-standard play the Canadiens would need to do something. That is the short term picture. The longer term picture regarding Primeau’s tenure in Montreal looks even more bleak. Jacob Fowler is having a standout season in the NCAA and Jakub Dobeš is off to a strong start with Laval. At 23 years old, Dobeš may be closer to being NHL ready than Fowler but rest assured, they are probably both in Montreal’s long term plans at the moment. The question of whether Montreal should risk losing Primeau to waivers is often asked. It really isn’t something to lose a lot of sleep over, particularly when you have two solid prospects in the organization. And let’s not forget Connor Hughes who was scooped up from the Swiss Leagues where he put up some stellar numbers. And so far this season, Hughes has a better SV% with Laval than Dobeš ... but both have played extremely well. So the heat is on Cayden Primeau and tonight would be a good time for him to turn his game around and secure his spot as an NHL goaltender. He can’t afford many more poor to mediocre performances. This article first appeared on The Sick Podcast and was syndicated with permission.
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Heinrich Haarberg will continue to venture away from being a full-time quarterback, and it’s created an opening for Nebraska to pursue another arm out of the transfer portal. The NU coaching staff has “made a commitment to Heinrich that we would let him explore some other positions,” Matt Rhule said Wednesday. Haarberg was the Huskers’ starting quarterback for most of 2023 and has played sporadically this season. He relieved Dylan Raiola when he was injured against UCLA and has added a wrinkle to Nebraska’s offense as an occasional running threat and gadget player. It leaves the Huskers’ quarterback room in flux with freshman Daniel Kaelin entering the portal and Jalyn Gramstad’s future uncertain. Four-star prospect TJ Lateef will soon join the team and an already-young position group. “If we need to get a third guy to be in that room, then we would do it,” Rhule said. “We probably will, and Heinrich obviously gives us some flexibility.” People are also reading... Rhule works through roster trim In recent days, players have walked into Matt Rhule’s office, asking for help with the next stage of their football careers. Parents have texted him as they try to guide their kids through an unprecedented time in college sports. Next season, football rosters will be limited to 105 players. Nebraska, equipped with a robust walk-on program, will have to trim its roster. “We’ve got (general manager) Sean Padden in there making tapes for kids,” Rhule said. “I hate that. I hate that.” The evolution into a new era has already begun. Jimari Butler, James Williams and Princewill Umanmielen are among players planning to enter the transfer portal when it opens. With 20 new recruits joining the program, there are still lots dominoes left to fall over the offseason. “I tried to warn everyone there would be a lot of attrition and a lot of scary attrition, but it’s all part of what has to happen right now,” Rhule said. “I think as we move forward it’ll be a little bit more normalized ... but I’m just telling you this is like nothing we’ve ever seen before. It’s just completely different this year than it was.” Photos: Nebraska football vs. Iowa on Black Friday — Nov. 29 Nebraska players, including Jacob Hood (center), turn to wave during the "Hawkeye Wave" on Friday in Iowa City. Nebraska assistant coach Garret McGuire looks on during warm up before the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska assistant coach Marcus Satterfield looks on during warm up before the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska fan Zachary Roth of Omaha dances in the cold during the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska head coach Matt Rhule talks with an official during the Iowa game on Friday at Kinnick Stadium in Iowa City. Nebraska's Jahmal Banks is tackled by Iowa's TJ Hall on Friday at Kinnick Stadium in Iowa City. Iowa's Kamari Moulton (center) is tackled by Nebraska's MJ Sherman (left) and Elijah Jeudy, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Carter Nelson (center) is tackled by Iowa's Deontae Craig (right) on Friday at Kinnick Stadium in Iowa City. Iowa's Quinn Schulte (left) tackles Nebraska's Nate Boerkircher, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Thomas Fidone picks up a pass against Iowa, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's John Hohl reacts after missing a field goal against Iowa, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Dylan Raiola runs with the ball against Iowa on Friday at Kinnick Stadium in Iowa City. Nebraska's Isaac Gifford (left) rips the ball away from Iowa's Jarriett Buie on Friday at Kinnick Stadium in Iowa City. The Nebraska defense stops Iowa on fourth down on Friday at Kinnick Stadium in Iowa City. Nebraska's Jahmal Banks picks up a pass next to Iowa's Deshaun Lee, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Emmett Johnson escapes a tackle by Iowa's Deshaun Lee, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska head coach Matt Rhule looks on during the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Dante Dowdell tries to break a tackle from Iowa's Jay Higgins (left) and Koen Entringer (4), Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Emmett Johnson fumbles under pressure from Iowa's Sebastian Castro (top) and TJ Hall (bottom), Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Iowa's Drew Stevens (18) celebrates after making the game-winning kick against Nebraska, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Iowa's Drew Stevens (18) celebrates after making the game-winning kick against Nebraska, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Iowa's Luke Elkin (left) and Ty Nissen carry Heroes Game trophy after defeating Nebraska on Friday at Kinnick Stadium in Iowa City. Iowa's Drew Stevens (18) kicks a game-winning field goal through the arms of Nebraska's Ty Robinson (9) and Nash Hutmacher (0) on Friday at Kinnick Stadium in Iowa City. Nebraska's Dante Dowdell scores a touchdown against Iowa in the second quarter, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Dylan Raiola carries the ball against Iowa, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Iowa's Deontae Craig (bottom) pressures Nebraska's Dylan Raiola, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's John Hohl (right) celebrates his field goal against Iowa, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Mikai Gbayor tips a pass by Iowa's Jackson Stratton on Friday at Kinnick Stadium in Iowa City. Iowa's Deontae Craig (left) and Aaron Graves (right) pressure Nebraska's Dylan Raiola on at Kinnick Stadium in Iowa City, Iowa. Nebraska head coach Matt Rhule (left) talks with Iowa head coach Kirk Ferentz before the game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Jesse Divis of David City, 17, braves the cold before the Nebraska game at Iowa, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska head coach Matt Rhule arrives before the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska special teams coordinator Ed Foley arrives before the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. Nebraska's Dylan Raiola arrives before the Iowa game, Friday, Nov. 29, 2024, at Kinnick Stadium in Iowa City, Iowa. The Nebraska football team arrives arrives at Kinnick Stadium before the Iowa game, Friday, Nov. 29, 2024, in Iowa City, Iowa. The Nebraska football team arrives arrives at Kinnick Stadium before the Iowa game, Friday, Nov. 29, 2024, in Iowa City, Iowa. Nebraska offensive coordinator Dana Holgorsen arrives at Kinnick Stadium before the Iowa game, Friday, Nov. 29, 2024, in Iowa City, Iowa. Subscribe for the best Husker news & commentary Be the first to know Get local news delivered to your inbox!None
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