WESPAC Advisors SoCal LLC Has $1.97 Million Holdings in Hubbell Inc $HUBB

WESPAC Advisors SoCal LLC raised its position in shares of Hubbell Inc (NYSE:HUBB) by 40.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,019 shares of the industrial products company’s stock after buying an additional 1,148 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Hubbell were worth $1,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of Hubbell by 50.2% in the 4th quarter. Hsbc Holdings PLC now owns 208,876 shares of the industrial products company’s stock valued at $92,832,000 after acquiring an additional 69,790 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Hubbell by 15.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,910 shares of the industrial products company’s stock worth $2,625,000 after purchasing an additional 799 shares in the last quarter. World Investment Advisors grew its position in Hubbell by 35.2% during the 4th quarter. World Investment Advisors now owns 669 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 174 shares in the last quarter. Reflection Asset Management acquired a new stake in Hubbell during the 4th quarter valued at $49,000. Finally, Tobam raised its stake in Hubbell by 18,616.7% during the 4th quarter. Tobam now owns 1,123 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 1,117 shares during the period. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HUBB shares. Barclays raised 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. Stephens upped their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Trading Up 0.2%

Shares of NYSE:HUBB opened at $524.49 on Friday. The firm has a fifty day moving average of $502.16 and a two-hundred day moving average of $487.78. 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 12-month low of $385.91 and a 12-month high of $565.50. The firm has a market capitalization of $27.71 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 2.64 and a beta of 0.91.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities analysts expect that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio is presently 33.55%.

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.