RWC Asset Management LLP grew its position in Hubbell Inc (NYSE:HUBB – Free Report) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,410 shares of the industrial products company’s stock after buying an additional 3,072 shares during the quarter. RWC Asset Management LLP owned 0.06% of Hubbell worth $15,155,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tectonic Advisors LLC boosted its holdings in Hubbell by 2.0% during the 3rd quarter. Tectonic Advisors LLC now owns 1,457 shares of the industrial products company’s stock valued at $661,000 after acquiring an additional 28 shares during the period. Wedbush Securities Inc. increased its stake in Hubbell by 4.7% during the third quarter. Wedbush Securities Inc. now owns 1,269 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 57 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Hubbell by 4.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,352 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 60 shares during the period. Sterling Capital Management LLC increased its stake in Hubbell by 2,160.1% during the third quarter. Sterling Capital Management LLC now owns 39,236 shares of the industrial products company’s stock worth $17,798,000 after purchasing an additional 37,500 shares during the period. Finally, Yousif Capital Management LLC lifted its position in shares of Hubbell by 0.6% during the third quarter. Yousif Capital Management LLC now owns 5,284 shares of the industrial products company’s stock worth $2,397,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Evercore reissued an “outperform” rating and issued a $630.00 price objective on shares of Hubbell in a research note on Friday, October 9th. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. began coverage on shares of Hubbell in a research note on Tuesday. They set a “neutral” rating and a $485.00 target price on the stock. Mizuho reduced their target price on shares of Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Wells Fargo & Company assumed coverage on shares of Hubbell in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $531.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $552.67.
View Our Latest Stock Report on HUBB
Insider Buying and Selling
In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president 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 legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.
Hubbell Stock Up 0.5%
Shares of Hubbell stock traded up $2.32 during trading on Friday, hitting $448.12. 500,658 shares of the stock were exchanged, compared to its average volume of 514,716. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The firm’s 50-day moving average price is $463.36 and its 200 day moving average price is $486.98. The stock has a market cap of $23.68 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50.
Hubbell (NYSE:HUBB – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts forecast that Hubbell Inc will post 20.50 earnings per share for the current fiscal year.
Hubbell Profile
Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.
Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.
Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.
Featured Articles
- Five stocks we like better than Hubbell
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Hubbell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hubbell and related companies with MarketBeat.com's FREE daily email newsletter.
