Calamos Advisors LLC Has $4.65 Million Stock Position in Hubbell Inc $HUBB

Calamos Advisors LLC raised its position in Hubbell Inc (NYSE:HUBB) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,481 shares of the industrial products company’s stock after buying an additional 1,201 shares during the quarter. Calamos Advisors LLC’s holdings in Hubbell were worth $4,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUBB. Jones Financial Companies Lllp raised its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,518 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Hubbell during the 1st quarter worth $599,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after buying an additional 111 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBB has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Barclays increased their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Stephens boosted their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Down 0.8%

Hubbell stock opened at $480.05 on Thursday. The firm has a market cap of $25.37 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.44 and a beta of 0.89. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. 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 has a 50 day moving average price of $488.68 and a two-hundred day moving average price of $495.27.

Hubbell (NYSE:HUBB) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS 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 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 was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts predict that Hubbell Inc will post 19.83 EPS for the current year.

Hubbell Dividend Announcement

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

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.