Hubbell Inc (NYSE:HUBB) Short Interest Update

Hubbell Inc (NYSE:HUBB) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 2,536,894 shares, a drop of 14.7% from the January 15th total of 2,973,464 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average trading volume of 516,599 shares, the short-interest ratio is currently 4.9 days. Based on an average trading volume of 516,599 shares, the short-interest ratio is currently 4.9 days. Currently, 4.8% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,088 shares of company stock worth $16,045,173 in the last 90 days. 0.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hubbell

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its position in shares of Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after acquiring an additional 22 shares during the period. BSW Wealth Partners increased its holdings in Hubbell by 2.9% in the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 22 shares in the last quarter. Unique Wealth LLC lifted its holdings in Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 23 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock worth $473,000 after purchasing an additional 23 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock worth $572,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HUBB. JPMorgan Chase & Co. raised their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a research report on Wednesday, February 4th. Evercore boosted their target price on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $515.00 price objective on Hubbell in a research report on Wednesday, January 7th. Finally, Barclays boosted their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Down 0.0%

Hubbell stock traded down $0.19 during mid-day trading on Tuesday, reaching $523.93. 376,749 shares of the company were exchanged, compared to its average volume of 626,627. Hubbell has a 12-month low of $299.42 and a 12-month high of $533.80. The business has a fifty day moving average of $475.33 and a 200 day moving average of $448.86. The firm has a market cap of $27.85 billion, a P/E ratio of 31.43, a PEG ratio of 2.65 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business posted $4.10 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts anticipate that Hubbell will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Hubbell Company 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.