Heartland Advisors Inc. Lowers Holdings in Hubbell Inc $HUBB

Heartland Advisors Inc. decreased its position in Hubbell Inc (NYSE:HUBB) by 29.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,061 shares of the industrial products company’s stock after selling 4,932 shares during the period. Heartland Advisors Inc.’s holdings in Hubbell were worth $5,919,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HUBB. Pinnacle Bancorp Inc. increased its stake in Hubbell by 165.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after buying an additional 34 shares during the last quarter. NBT Bank N A NY bought a new position in shares of Hubbell in the fourth quarter worth approximately $27,000. Raiffeisen Bank International AG lifted its stake in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Hubbell in the first quarter worth approximately $33,000. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several analyst reports. UBS Group reissued a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Wells Fargo & Company upped their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Stephens increased their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Barclays lifted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $489.18 on Monday. The firm’s 50-day moving average price is $488.41 and its 200-day moving average price is $495.73. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The company has a market cap of $25.85 billion, a PE ratio of 28.89, a PEG ratio of 2.46 and a beta of 0.89. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last released 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 net margin of 15.10% and a return on equity of 27.09%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, analysts anticipate that Hubbell Inc will post 19.86 EPS for the current year.

Hubbell Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is 33.55%.

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.