Scoria Capital Partners Lp adds Hubbell Incorporated (HUBB) to its portfolio

Hubbell Incorporated (HUBB) : Scoria Capital Partners Lp added new position in Hubbell Incorporated during the most recent quarter end. The investment management firm now holds 76,500 shares of Hubbell Incorporated which is valued at $8,178,615 , the company said in a statement filed on Aug 15, 2016 with the SEC.Hubbell Incorporated makes up approximately 5.49% of Scoria Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Schonfeld Strategic Advisors boosted its stake in HUBB in the latest quarter, The investment management firm added 3,302 additional shares and now holds a total of 6,527 shares of Hubbell Incorporated which is valued at $697,802. Hubbell Incorporated makes up approx 0.15% of Schonfeld Strategic Advisors’s portfolio.Eaton Vance Management boosted its stake in HUBB in the latest quarter, The investment management firm added 128,557 additional shares and now holds a total of 916,500 shares of Hubbell Incorporated which is valued at $98,019,675. Hubbell Incorporated makes up approx 0.27% of Eaton Vance Management’s portfolio.Msi Financial Services Inc boosted its stake in HUBB in the latest quarter, The investment management firm added 841 additional shares and now holds a total of 1,711 shares of Hubbell Incorporated which is valued at $181,298. Hubbell Incorporated makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in HUBB in the latest quarter, The investment management firm added 80,414 additional shares and now holds a total of 202,444 shares of Hubbell Incorporated which is valued at $21,552,188. Hubbell Incorporated makes up approx 3.26% of Woodley Farra Manion Portfolio Management Inc’s portfolio.

On the company’s financial health, Hubbell Incorporated reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.43. The company had revenue of $908.80 million for the quarter, compared to analysts expectations of $898.99 million. The company’s revenue was up 4.0% compared to the same quarter last year.

Hubbell Incorporated (Hubbell) is engaged in the design manufacture and sale of electrical and electronic products for a range of non-residential and residential construction industrial and utility applications. The Company operates in two segments: Electrical and Power. The Electrical segment consists of electrical systems products and lighting products. The Electrical segment consists of businesses which sell stock and custom products including standard and special application wiring device products rough-in electrical products connector and grounding products lighting fixtures and controls. It also offers light-emitting diode (LED) luminaire products. The Power segment designs and manufactures various distribution transmission substation and telecommunication products used by the electrical utility industry. It offers these products to electric utilities telecommunication companies pipeline and mining operations and construction and engineering firms among others.

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