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Hubbell (HUBB)

Hubbell Incorporated is an international manufacturer of high quality, reliable electrical and utility solutions for a broad range of customer and end market applications. With 2020 revenues of $4.2 billion, Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, CT.

Company profile

Ticker
HUBB
Exchange
Website
CEO
David Nord
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Aclara India Private Limited • Aclara International Holdings, Inc. • Aclara Meters LLC • Aclara Meters Philippines, Inc. • Aclara Meters UK Ltd. • Aclara Meters, S.L. • Aclara Smart Grid Solutions, LLC • Aclara Technologies LLC • Acme Electric de Mexico • Acme Electric Manufacturing de Mexico ...
IRS number
60397030

HUBB stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$197.00
Low target
$188.00
High target
$206.00
Morgan Stanley
Maintains
Equal-Weight
$206.00
27 Jul 22
Wells Fargo
Maintains
Equal-Weight
$188.00
29 Jun 22

Calendar

27 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Bakker Gerben Common Stock Payment of exercise Dispose F No No 179.52 1,049 188.32K 37,801
1 Jul 22 Allan Connolly Common Stock Payment of exercise Dispose F No No 179.52 287 51.52K 11,659
1 Jul 22 Lane Katherine Anne Common Stock Payment of exercise Dispose F No No 179.52 419 75.22K 6,023
1 Jul 22 Sperry William R Common Stock Payment of exercise Dispose F No No 179.52 538 96.58K 61,292
16 May 22 Cardoso Carlos M Common Stock Sell Dispose S No No 193.73 749 145.1K 1,744
89.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 465 480 -3.1%
Opened positions 48 91 -47.3%
Closed positions 63 39 +61.5%
Increased positions 170 132 +28.8%
Reduced positions 132 142 -7.0%
13F shares Current Prev Q Change
Total value 8.92B 10.15B -12.1%
Total shares 48.25M 48.76M -1.0%
Total puts 9.1K 2.2K +313.6%
Total calls 6.5K 9.8K -33.7%
Total put/call ratio 1.4 0.2 +523.8%
Largest owners Shares Value Change
Vanguard 5.45M $1B +0.4%
BLK Blackrock 4.75M $872.96M +3.3%
BK Bank Of New York Mellon 3.06M $561.72M +33.7%
IPXAF Impax Asset Management 2.05M $376.96M -6.6%
Victory Capital Management 1.97M $362.57M +14.8%
American Century Investment Management 1.78M $370.44M 0.0%
JPM JPMorgan Chase & Co. 1.58M $290.33M -0.6%
American Century Companies 1.58M $290.09M -8.1%
Wellington Management 1.54M $283.65M +133.8%
STT State Street 1.49M $274.06M +4.1%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 1.23M -2.11M -63.2%
Wellington Management 1.54M +883.27K +133.8%
BK Bank Of New York Mellon 3.06M +770.52K +33.7%
Norges Bank 0 -456.33K EXIT
IVZ Invesco 449.78K -345.63K -43.5%
Victory Capital Management 1.97M +253.57K +14.8%
Millennium Management 285.66K +251.75K +742.4%
Lord, Abbett & Co. 0 -154.54K EXIT
BLK Blackrock 4.75M +149.54K +3.3%
IPXAF Impax Asset Management 2.05M -145.19K -6.6%

Financial report summary

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Competition
ItronABBGeneration AlphaOrion Energy SystemsZnergy
Risks
  • Our business and operations, and the operations of our suppliers, have been, and may in the future be adversely affected by epidemics or pandemics such as the COVID-19 pandemic outbreak.
  • New regulations on employers concerning COVID-19 vaccination mandates or testing of U.S.-based employees could have an adverse impact on our business and results of operations.
  • We operate in markets that are subject to competitive pressures that could affect selling prices or demand for our products.
  • Uncertainty about the future of the London Interbank Offer Rate ("LIBOR") may adversely affect our business and financial results.
  • Our ability to effectively develop and introduce new products could adversely affect our ability to compete.
  • We manufacture and source products and materials from various countries throughout the world. A disruption in the availability, price or quality of these products or materials could adversely affect our operating results.
  • We may be required to recognize impairment charges for our goodwill and other intangible assets.
  • We engage in acquisitions and strategic investments and may encounter difficulty in obtaining appropriate acquisitions and in integrating these businesses.
  • We may not be able to successfully implement initiatives, including our restructuring activities that improve productivity and streamline operations to control or reduce costs.
  • We are subject to risks surrounding our information technology systems failures, network disruptions, breaches in data security and compliance with data privacy laws or regulations.
  • Our ability to access capital markets or failure to maintain our credit ratings may adversely affect our business.
  • Deterioration in the credit quality of our customers could have a material adverse effect on our operating results and financial condition.
  • If the underlying investments of our defined benefit plans do not perform as expected, we may have to make additional contributions to these plans.
  • Because tax laws and regulations are subject to interpretation and uncertainty, tax payments may ultimately differ from amounts currently recorded by the Company.
  • Significant developments from the recent and potential changes in U.S. trade policies could have a material adverse effect on us.
  • Our business and results of operations may be materially adversely effected by compliance with import and export laws.
  • The uncertainty surrounding the implementation and effect of Brexit and related negative developments in the European Union and elsewhere could adversely affect our business, financial condition and results of operations.
  • We are subject to litigation and environmental regulations that may adversely impact our operating results.
  • Our reputation and our ability to conduct business may be impaired by improper conduct by any of our employees, agents or business partners.
  • Regulations related to conflict-free minerals may cause us to incur additional expenses and may create challenges with our customers.
  • We face the potential harms of natural disasters, terrorism, acts of war, international conflicts or other disruptions to our operations.
  • Global economic uncertainty could adversely affect us.
  • Our success depends on attracting and retaining qualified personnel.
Management Discussion
  • Net sales of $4,194.1 million in 2021 increased by $511.6 million, or 13.9% compared to 2020. Organic Net sales increased by 9.7% due to favorable price realization along with higher unit volume. Net sales increased by 3.9% from acquisitions and by a 0.5% from foreign exchange.
  • As a percentage of Net sales, Cost of goods sold was 72.5% of Net sales in 2021 as compared to 70.5% in 2020. The increase was primarily driven by material cost inflation that exceeded favorable price realization, and higher freight, logistics and manufacturing costs, partially offset by higher volumes, savings from our restructuring and related actions and productivity initiatives.
  • The gross profit margin in 2021 was 27.5% of Net sales as compared to 29.5% in 2020. Excluding amortization of acquisition-related intangible assets, the adjusted gross profit margin was 28.1% in 2021 as compared to 30.2% in 2020. The decline in adjusted gross profit margin was primarily driven by material cost inflation that exceeded favorable price realization, and higher freight, logistics and manufacturing costs, partially offset by higher volumes, savings from our restructuring and related actions and productivity initiatives.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: assumed, built, cable, center, central, examination, experienced, factor, factory, fiber, foreseeable, Hill, IRS, July, LLC, macroeconomic, membership, modular, PCX, prep, pressure, profile, Ripley, Road, threshold, unpredictable
Removed: announced, conducting, execute, impair, imposed, indefinite, integrating, interrupt, mandated, pose, prevented, requested, safety, Transitioning, Unanticipated

Patents

Utility
Smart Voltage Reduction and Reverse Power Operating Mode Determination for Load Tap Charging Transformers and Voltage Regulators
11 Aug 22
The present disclosure relates to a system for using load tap changing (LTC) transformers and voltage regulators (VRs) to more accurately reduce the voltage in a power transmission system.
Utility
Distributed Charging Station
11 Aug 22
A device charging system including a battery configured to supply a type of power to at least one load device and a central charging station configured to receive the battery The central charging station including a locking mechanism configured to secure the battery to the central charging station, an output port configured to supply power to the battery, and an electronic processor.
Utility
Apparatuses and methods for passive fault monitoring of current sensing devices in protective circuit interrupters
9 Aug 22
Passive monitoring the integrity of current sensing devices and associated circuitry in GFCI and AFCI protective devices is provided.
Utility
Disconnector device and overvoltage protection assembly including the same
9 Aug 22
A disconnector device including an isolator connected between a first terminal and to a second terminal, and a sleeve positioned around the isolator and moveable between an un-extended position prior to the isolator operating and an extended position after the isolator operates, the sleeve being configured to trap debris produced by operation of the isolator.
Utility
Led Lighting Fixture
28 Jul 22
A modular lighting fixture includes a modular housing portion and one or more separate modular lighting components arranged adjacent to the modular housing portion.