Thrivent Financial for Lutherans Sells 1,154 Shares of Hubbell Inc $HUBB

Thrivent Financial for Lutherans trimmed its stake in Hubbell Inc (NYSE:HUBB) by 22.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,002 shares of the industrial products company’s stock after selling 1,154 shares during the period. Thrivent Financial for Lutherans’ holdings in Hubbell were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. NBT Bank N A NY acquired a new stake in Hubbell in the 4th quarter worth $27,000. Hantz Financial Services Inc. grew its position in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Baillie Gifford & Co. grew its position in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 63 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of Hubbell stock opened at $485.05 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The firm’s 50-day simple moving average is $503.85 and its 200-day simple moving average is $481.75. Hubbell Inc has a twelve month low of $374.68 and a twelve month high of $565.50. The firm has a market cap of $25.79 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $3.50 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts expect that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Analyst Ratings Changes

Several research firms have issued reports on HUBB. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Mizuho set a $575.00 price target on shares of Hubbell in a research report on Wednesday, February 4th. Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Barclays raised their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Evercore raised their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $546.25.

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.