In the picture it looks like a Meyers hub with typical Nema 1 locknut between the hub and a rigid threadless connector. If the conduit entering the hub is theaded,then it is not protected from moisture hence the word {threadless},but we don't know that the conduit is threaded or not. Now we have the problem of a Nema 1 locknut, this should have been a sealing locknut, if any at all. It has been my experience that if there is a hole water will find it. Frank