Oppenheimer Asset Management Inc. purchased a new position in Hubbell Inc (NYSE:HUBB – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,215 shares of the industrial products company’s stock, valued at approximately $636,000.
A number of other hedge funds also recently bought and sold shares of HUBB. Pinnacle Bancorp Inc. raised its stake in shares of Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after buying an additional 33 shares during the period. Raiffeisen Bank International AG lifted its position in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Leonteq Securities AG acquired a new stake in Hubbell in the 1st quarter valued at $33,000. DV Equities LLC purchased a new stake in Hubbell in the 4th quarter worth $33,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Hubbell in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on HUBB. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. 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. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Barclays raised their price target 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. Finally, Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $554.38.
Hubbell Price Performance
Hubbell stock opened at $504.73 on Tuesday. The company has a fifty day simple moving average of $495.84 and a 200-day simple moving average of $498.91. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 2.51 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.
Hubbell (NYSE:HUBB – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.13. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts anticipate that Hubbell Inc will post 20.41 EPS for the current fiscal year.
Hubbell Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.
Insider Buying and Selling at Hubbell
In other news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by corporate insiders.
Hubbell 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.
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