4,396 Shares in Hubbell Inc $HUBB Bought by Night Squared LP

Night Squared LP purchased a new position in Hubbell Inc (NYSE:HUBB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,396 shares of the industrial products company’s stock, valued at approximately $1,952,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas grew its stake in Hubbell by 38.4% in the fourth quarter. Oddo BHF Asset Management Sas now owns 4,453 shares of the industrial products company’s stock worth $1,978,000 after purchasing an additional 1,236 shares during the period. OMERS ADMINISTRATION Corp grew its stake in Hubbell by 3.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,980 shares of the industrial products company’s stock worth $879,000 after purchasing an additional 61 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Hubbell by 7.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,818 shares of the industrial products company’s stock worth $4,804,000 after purchasing an additional 737 shares during the period. Venture Visionary Partners LLC grew its stake in Hubbell by 3.2% in the fourth quarter. Venture Visionary Partners LLC now owns 17,434 shares of the industrial products company’s stock worth $7,743,000 after purchasing an additional 546 shares during the period. Finally, Verition Fund Management LLC grew its stake in Hubbell by 72.1% in the fourth quarter. Verition Fund Management LLC now owns 10,741 shares of the industrial products company’s stock worth $4,770,000 after purchasing an additional 4,501 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Trading Up 2.7%

NYSE HUBB opened at $503.06 on Wednesday. Hubbell Inc has a 12 month low of $385.91 and a 12 month high of $565.50. The stock has a market cap of $26.58 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.47 and a beta of 0.91. The stock’s fifty day moving average price is $501.47 and its 200-day moving average price is $486.30. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The company’s quarterly 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, equities analysts forecast that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley increased their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. UBS Group reissued a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research note on Tuesday. Stephens increased their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

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.