Hubbell Inc $HUBB Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Hubbell Inc (NYSE:HUBB) by 2.9% in the third quarter, Holdings Channel reports. The institutional investor owned 722,681 shares of the industrial products company’s stock after selling 21,784 shares during the quarter. Victory Capital Management Inc.’s holdings in Hubbell were worth $310,977,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its stake in Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 41 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Hubbell in the 3rd quarter valued at about $37,000. Root Financial Partners LLC bought a new position in shares of Hubbell during the third quarter worth about $45,000. SBI Securities Co. Ltd. grew its stake in Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 89 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after buying an additional 89 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gerben Bakker sold 25,233 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the completion of the sale, the chief executive officer directly owned 64,420 shares of the company’s stock, valued at $32,143,647.40. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Eugene Mikes sold 2,601 shares of Hubbell stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last quarter. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HUBB shares. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Stephens reissued an “overweight” rating and set a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Trading Down 5.6%

NYSE:HUBB opened at $488.16 on Wednesday. The stock has a market cap of $25.95 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.61 and a beta of 1.00. 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 Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The business has a fifty day moving average of $489.93 and a 200-day moving average of $455.27.

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

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is currently 34.07%.

About Hubbell

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.