News

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 3, Hubbell Inc.'s Director, Neal J. Keating, invested $189,385.00 into 500 shares of HUBB, for a cost per share of $378.77. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Hubbell Inc. (Symbol: HUBB) and achieve a cost basis 1.8% cheaper than Keating, with shares changing hands as low as $371.99 per share. It should be noted that Keating has collected $1.22/share in dividends since the time of their purchase, so they are currently down 1.5% on their purchase from a total return basis. Hubbell Inc. shares are currently trading up about 2.1% on the day. The chart below shows the one year performance of HUBB shares, versus its 200 day moving average:

Looking at the chart above, HUBB's low point in its 52 week range is $248.37 per share, with $429.61 as the 52 week high point — that compares with a last trade of $388.56. By comparison, below is a table showing the prices at which HUBB insider buying was recorded over the last six months:

The current annualized dividend paid by Hubbell Inc. is $4.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/31/2024. Below is a long-term dividend history chart for HUBB, which can be of good help in judging whether the most recent dividend with approx. 1.3% annualized yield is likely to continue.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

Also see:

Funds Holding MWG
JPM shares outstanding history
RSE Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.