OP Asset Management Ltd Takes Position in Hubbell Inc $HUBB

OP Asset Management Ltd bought a new position in shares of Hubbell Inc (NYSE:HUBB) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,671 shares of the industrial products company’s stock, valued at approximately $9,653,000.

Several other large investors also recently modified their holdings of HUBB. Wellington Management Group LLP raised its position in Hubbell by 140.4% during the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Hubbell in the 3rd quarter worth approximately $162,309,000. Boston Partners increased its stake in shares of Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after buying an additional 278,649 shares during the period. Troy Asset Management Ltd increased its stake in shares of Hubbell by 60.7% during the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after buying an additional 208,327 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Hubbell by 355.8% during the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after acquiring an additional 173,668 shares in the last quarter. 88.16% of the stock is owned by institutional investors.

Hubbell Stock Up 3.0%

NYSE:HUBB opened at $533.93 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The firm’s 50-day moving average price is $501.06 and its 200-day moving average price is $490.77. The company has a market capitalization of $28.21 billion, a PE ratio of 31.54, a P/E/G ratio of 2.61 and a beta of 0.91. Hubbell Inc has a 1-year low of $400.99 and a 1-year high of $565.50.

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

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HUBB shares. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Barclays raised their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

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.