Interval Partners LP Boosts Stock Holdings in Hubbell Inc $HUBB

Interval Partners LP grew its holdings in Hubbell Inc (NYSE:HUBB) by 74.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 113,291 shares of the industrial products company’s stock after buying an additional 48,389 shares during the quarter. Hubbell comprises approximately 0.8% of Interval Partners LP’s holdings, making the stock its 27th largest holding. Interval Partners LP’s holdings in Hubbell were worth $48,750,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after buying an additional 41 shares during the period. Mather Group LLC. purchased a new position in shares of Hubbell in the 3rd quarter valued at $37,000. Root Financial Partners LLC purchased a new position in shares of Hubbell in the 3rd quarter valued at $45,000. SBI Securities Co. Ltd. raised its position in shares of Hubbell by 278.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 89 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in shares of Hubbell by 185.4% in the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Stephens reiterated an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Wells Fargo & Company increased their price target on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $536.00.

Hubbell Trading Down 0.2%

Shares of NYSE:HUBB opened at $467.52 on Friday. The business’s 50-day moving average is $493.98 and its 200 day moving average is $457.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The firm has a market capitalization of $24.85 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.37 and a beta of 1.00.

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

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $1.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Insider Activity at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were 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. The trade was a 28.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,689 shares of company stock worth $17,407,395 in the last quarter. 0.66% of the stock is currently owned by company insiders.

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.