Alpine Woods Capital Investors LLC Cuts Stake in Hubbell Inc $HUBB

Alpine Woods Capital Investors LLC lowered its position in shares of Hubbell Inc (NYSE:HUBB) by 4.0% in the second quarter, Holdings Channel reports. The institutional investor owned 750 shares of the industrial products company’s stock after selling 31 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Hubbell were worth $306,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HUBB. Central Pacific Bank Trust Division purchased a new position in Hubbell during the 2nd quarter worth $29,000. Tsfg LLC purchased a new position in Hubbell during the 1st quarter worth $30,000. CX Institutional purchased a new position in Hubbell during the 1st quarter worth $49,000. Ransom Advisory Ltd purchased a new position in Hubbell during the 1st quarter worth $53,000. Finally, Groupe la Francaise purchased a new position in Hubbell during the 1st quarter worth $57,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

NYSE:HUBB opened at $418.28 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $430.75 and a two-hundred day moving average price of $400.55. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35. The company has a market capitalization of $22.23 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 29th. Hubbell’s dividend payout ratio (DPR) is 34.29%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Wells Fargo & Company upgraded shares of Hubbell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Barclays increased their price target on shares of Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.63.

Hubbell Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.