Today, a Director at Hubbell B (NYSE: HUBB), Neal Keating, bought shares of HUBB for $101.5K.
Following this transaction Neal Keating’s holding in the company was increased by 16.75% to a total of $745.3K. In addition to Neal Keating, one other HUBB executive reported Buy trades in the last month.
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Based on Hubbell B’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $113 million. In comparison, last year the company earned revenue of $951 million and had a net profit of $80.5 million. HUBB’s market cap is $5.38B and the company has a P/E ratio of 18.57. Currently, Hubbell B has an average volume of 889.1K.
Starting in January 2018, HUBB received 17 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $131.33, reflecting a 31.9% upside. Three different firms, including Morgan Stanley and Oppenheimer, currently also have a Buy rating on the stock.
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Hubbell, Inc. engages in designing, manufacturing and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates though the Electrical and Power segments.
