Hubbell Incorporated (NYSE:HUBB) recently announced a new $500M Share Repurchase Program demonstrating confidence within the financial sector, despite still having $260M active from a previous repurchase program. Furthermore, the company has increased dividend payouts to $1.32 per share following a record $5.4B revenue. The electrical systems manufacturer's Q4 earnings came as a surprise, with an EPS of $3.64 surpassing estimates. However, reports indicate that sales fell short of analyst estimates.
Notably, Hubbell's 28% CAGR has outpaced the company's earnings growth over the last five years. The firm also recently disclosed plans to acquire Systems Control which led to a surge in share prices to an all-time high of $433.31. Critics, however, point out that insiders have tried to sell up to US$7.8m of shares, indicating possible apprehensions over performance. Despite some analysts downgrading its stock, a notable recovery saw the firm recently being upgraded to a 'Strong Buy'.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Fri, 14 Mar 2025 21:05:48 GMT - Innovation -4 - Information 7 - Rumor -3
