There has been considerable investment activity with various funds and investment corporations buying and selling Hubbell Incorporated's shares. Susquehanna Fundamental Investments LLC, British Columbia Investment Management Corp, and Canada Pension Plan Investment Board have purchased substantial shares while Point72 Asset Management and Federated Hermes Inc. have sold their shares. Furthermore, Hubbell posted its second-quarter results, which were met with encouraging responses from analysts.
Despite challenging margins, Their Q1 earnings beat estimates, reaching a new 12-month high of $430.91. Hubbell's strategic planning and restructuring efforts, alongside their acquisitions, anticipate possible enhancement of FCF Growth. However, insiders have recently sold $8.1m of their stock, signaling potential caution. Hubbell also surpassed its Q2 earnings estimates and increased its annual profit forecast because of the strong demand. Despite missing Q2 sales targets, Hubbell's five-year earnings growth has trailed 29% in YoY shareholder returns.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sun, 29 Sep 2024 09:01:08 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor -2