Goodman Advisory Group LLC Takes $1.51 Million Position in Hubbell Inc $HUBB

Goodman Advisory Group LLC purchased a new position in shares of Hubbell Inc (NYSE:HUBB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,069 shares of the industrial products company’s stock, valued at approximately $1,506,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after buying an additional 1,468,701 shares during the last quarter. State Street Corp increased its holdings in shares of Hubbell by 1.8% in the 4th quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after acquiring an additional 40,623 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Hubbell by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after acquiring an additional 10,898 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hubbell by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock valued at $539,257,000 after acquiring an additional 60,071 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Hubbell by 0.8% during the 4th quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock valued at $507,356,000 after acquiring an additional 9,202 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of HUBB opened at $517.20 on Friday. The firm has a market capitalization of $27.33 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. Hubbell Inc has a one year low of $402.04 and a one year high of $565.50. The stock’s fifty day moving average is $500.86 and its 200-day moving average is $490.95.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts anticipate that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HUBB. Stephens raised their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley increased their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. 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. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

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.