Hubbell Inc (NYSE:HUBB) Short Interest Down 14.7% in January

Hubbell Inc (NYSE:HUBB) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,536,894 shares, a decrease of 14.7% from the January 15th total of 2,973,464 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily volume of 516,599 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily volume of 516,599 shares, the days-to-cover ratio is presently 4.9 days. Currently, 4.8% of the company’s shares are short sold.

Insiders Place Their Bets

In other news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the transaction, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. This trade represents a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 32,088 shares of company stock worth $16,045,173. 0.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hubbell

Several large investors have recently made changes to their positions in HUBB. Wellington Management Group LLP lifted its stake in Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. Boston Partners purchased a new stake in Hubbell in the second quarter valued at approximately $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Hubbell in the 3rd quarter worth approximately $162,309,000. Troy Asset Management Ltd bought a new position in shares of Hubbell in the 2nd quarter worth $132,540,000. Finally, Bain Capital Public Equity Management II LLC purchased a new position in Hubbell in the second quarter worth $132,286,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Down 0.4%

HUBB traded down $2.23 during mid-day trading on Wednesday, reaching $522.02. 505,908 shares of the stock were exchanged, compared to its average volume of 593,906. Hubbell has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The stock has a market capitalization of $27.74 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. The company has a 50 day moving average price of $475.33 and a two-hundred day moving average price of $448.86.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, research analysts anticipate that Hubbell will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Analysts Set New Price Targets

HUBB has been the subject of a number of research analyst reports. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Stephens restated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Finally, Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $529.75.

About Hubbell

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.