Generali Asset Management SPA SGR Sells 1,626 Shares of Hubbell Inc $HUBB

Generali Asset Management SPA SGR lowered its stake in shares of Hubbell Inc (NYSE:HUBB) by 29.8% in the fourth quarter, Holdings Channel reports. The firm owned 3,833 shares of the industrial products company’s stock after selling 1,626 shares during the period. Generali Asset Management SPA SGR’s holdings in Hubbell were worth $1,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Hubbell during the third quarter worth approximately $162,309,000. Massachusetts Financial Services Co. MA boosted its position in Hubbell by 15.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after purchasing an additional 226,856 shares during the period. Qube Research & Technologies Ltd boosted its position in Hubbell by 355.8% during the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after purchasing an additional 173,668 shares during the period. Boston Partners boosted its position in Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Merewether Investment Management LP bought a new stake in Hubbell during the second quarter worth approximately $68,164,000. Institutional investors own 88.16% of the company’s stock.

Insider Activity at Hubbell

In other news, insider Mark Eugene Mikes sold 2,601 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,456 shares of company stock worth $4,816,885 over the last three months. Company insiders own 0.63% of the company’s stock.

Hubbell Stock Down 0.2%

HUBB opened at $492.08 on Friday. Hubbell Inc has a 1-year low of $353.52 and a 1-year high of $565.50. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 2.49 and a beta of 0.95. The business has a 50 day moving average of $507.42 and a 200-day moving average of $479.18.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $3.50 earnings per share. Hubbell’s revenue for the quarter 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, sell-side analysts anticipate that Hubbell Inc will post 19.81 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Barclays upped their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, Evercore upped their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

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.