Hubbell Inc $HUBB Holdings Raised by Security National Bank

Security National Bank boosted its holdings in Hubbell Inc (NYSE:HUBB) by 12.3% in the third quarter, HoldingsChannel.com reports. The firm owned 10,595 shares of the industrial products company’s stock after acquiring an additional 1,157 shares during the period. Security National Bank’s holdings in Hubbell were worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of HUBB. Central Pacific Bank Trust Division bought a new position in Hubbell in the second quarter worth about $29,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Hubbell by 400.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 68 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Hubbell during the 1st quarter valued at approximately $53,000. Johnson Financial Group Inc. grew its stake in Hubbell by 185.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after buying an additional 89 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Hubbell in the second quarter worth $57,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Price Performance

NYSE:HUBB opened at $446.84 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $442.85 and its 200 day moving average price is $431.55. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $484.26. The firm has a market cap of $23.75 billion, a P/E ratio of 27.72, a PEG ratio of 2.49 and a beta of 1.01.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, sell-side analysts predict that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.3%. This is a positive change from Hubbell’s previous quarterly dividend of $1.32. The ex-dividend date was Friday, November 28th. Hubbell’s dividend payout ratio (DPR) is presently 35.24%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HUBB shares. Wall Street Zen downgraded shares of Hubbell from a “strong-buy” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Mizuho raised their price target on shares of Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Wells Fargo & Company boosted their price objective on Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, UBS Group restated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $488.43.

Insider Buying and Selling at Hubbell

In related news, Director John F. Malloy bought 435 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the acquisition, the director directly owned 19,085 shares of the company’s stock, valued at $8,192,045.40. The trade was a 2.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Eugene Mikes sold 2,470 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total value of $1,152,255.00. Following the sale, the insider directly owned 4,785 shares in the company, valued at $2,232,202.50. This trade represents a 34.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.76% of the stock is owned by corporate insiders.

Hubbell Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.