Hubbell Inc $HUBB Shares Acquired by Tredje AP fonden

Tredje AP fonden lifted its position in Hubbell Inc (NYSE:HUBB) by 27.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,139 shares of the industrial products company’s stock after acquiring an additional 1,522 shares during the period. Tredje AP fonden’s holdings in Hubbell were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission.

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

Hubbell Trading Down 2.0%

Shares of NYSE HUBB opened at $461.61 on Wednesday. The company’s 50 day simple moving average is $504.22 and its 200 day simple moving average is $481.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The firm has a market capitalization of $24.54 billion, a P/E ratio of 27.27, a P/E/G ratio of 2.37 and a beta of 0.95. Hubbell Inc has a fifty-two week low of $374.68 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (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 business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $3.50 earnings per share. Hubbell’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. On average, analysts predict that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HUBB shares. Stephens boosted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley raised 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $546.25.

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.