Groupama Asset Managment trimmed its stake in shares of Hubbell Inc (NYSE:HUBB – Free Report) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,865 shares of the industrial products company’s stock after selling 1,984 shares during the quarter. Groupama Asset Managment’s holdings in Hubbell were worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBB. Jones Financial Companies Lllp lifted its position in shares of Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares during the period. Empowered Funds LLC increased its position in shares of Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after buying an additional 196 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after buying an additional 155 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Hubbell during the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC raised its stake in Hubbell by 31.1% during the second 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 during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently issued reports on HUBB. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley boosted their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Finally, UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.
Hubbell Trading Up 3.1%
NYSE HUBB opened at $524.49 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52 week low of $385.91 and a 52 week high of $565.50. The business has a 50 day moving average price of $502.21 and a 200-day moving average price of $487.52. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.57 and a beta of 0.91.
Hubbell (NYSE:HUBB – Get Free Report) last issued its earnings results 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 company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business earned $3.50 EPS. Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts expect that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.
Hubbell Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.1%. Hubbell’s dividend payout ratio is presently 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.
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