Hubbell Inc $HUBB Stock Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in Hubbell Inc (NYSE:HUBB) by 2,160.1% in the 3rd quarter, Holdings Channel reports. The firm owned 39,236 shares of the industrial products company’s stock after purchasing an additional 37,500 shares during the period. Sterling Capital Management LLC’s holdings in Hubbell were worth $17,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBB. Yousif Capital Management LLC raised its holdings in shares of Hubbell by 0.6% in the third quarter. Yousif Capital Management LLC now owns 5,284 shares of the industrial products company’s stock valued at $2,397,000 after buying an additional 30 shares during the last quarter. NBT Bank N.A. purchased a new position in shares of Hubbell during the third quarter worth about $272,000. Root Financial Partners LLC purchased a new position in shares of Hubbell during the third quarter worth about $78,000. E. Ohman J or Asset Management AB grew its holdings in shares of Hubbell by 15.8% during the third quarter. E. Ohman J or Asset Management AB now owns 1,833 shares of the industrial products company’s stock worth $831,000 after buying an additional 250 shares during the last quarter. Finally, Vest Financial LLC increased its position in Hubbell by 3.5% in the 3rd quarter. Vest Financial LLC now owns 4,156 shares of the industrial products company’s stock valued at $1,885,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of NYSE:HUBB traded up $2.32 during midday trading on Friday, hitting $448.12. The stock had a trading volume of 500,658 shares, compared to its average volume of 514,716. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $463.36 and a two-hundred day moving average price of $486.98. The company has a market capitalization of $23.68 billion, a PE ratio of 26.53, a P/E/G ratio of 2.22 and a beta of 0.85.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, equities analysts predict that Hubbell Inc will post 20.50 earnings per share for the current fiscal year.

Insider Transactions at Hubbell

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley set a $600.00 price objective on Hubbell in a research note on Friday, October 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Evercore reissued an “outperform” rating and issued a $630.00 target price on shares of Hubbell in a report on Friday, October 9th. Mizuho cut their price target on Hubbell from $575.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Robert W. Baird started coverage on Hubbell in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $552.67.

Hubbell Company Profile

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.