Hubbell Inc $HUBB Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its stake in Hubbell Inc (NYSE:HUBB) by 9.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 125,287 shares of the industrial products company’s stock after acquiring an additional 11,032 shares during the period. Stephens Investment Management Group LLC’s holdings in Hubbell were worth $61,483,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its position in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares during the last quarter. State Street Corp lifted its position in Hubbell by 1.8% in the fourth 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 lifted its position in Hubbell by 0.8% in the fourth 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 boosted its stake in Hubbell by 5.2% in the fourth 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 boosted its stake in Hubbell by 0.8% in the fourth 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. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE HUBB opened at $486.88 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The business’s 50-day moving average price is $496.81 and its 200 day moving average price is $492.77. The firm has a market cap of $25.73 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.46 and a beta of 0.89.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.06. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts expect that Hubbell Inc will post 19.81 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is presently 33.55%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Wells Fargo & Company upped their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Finally, Barclays lifted their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus 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.