Stephens Inc. AR Acquires 116 Shares of Hubbell Inc $HUBB

Stephens Inc. AR boosted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,819 shares of the industrial products company’s stock after purchasing an additional 116 shares during the period. Stephens Inc. AR’s holdings in Hubbell were worth $743,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. McKinley Carter Wealth Services Inc. raised its position in Hubbell by 16.7% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 19,829 shares of the industrial products company’s stock worth $8,098,000 after purchasing an additional 2,843 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Hubbell during the 2nd quarter worth approximately $320,000. Venturi Wealth Management LLC acquired a new position in Hubbell during the 2nd quarter worth approximately $490,000. Teacher Retirement System of Texas raised its stake in Hubbell by 1,462.9% during the 1st quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock worth $2,596,000 after buying an additional 7,344 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in Hubbell during the 1st quarter worth approximately $1,423,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 0.4%

Shares of HUBB stock opened at $435.02 on Friday. The company’s fifty day simple moving average is $431.29 and its two-hundred day simple moving average is $406.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.42 and a beta of 0.96.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on HUBB shares. Mizuho boosted their price objective on Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Barclays boosted their price objective on Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. Stephens reissued an “overweight” rating and set a $500.00 price objective on shares of Hubbell in a report on Thursday, September 11th. Finally, Wall Street Zen lowered Hubbell from a “strong-buy” rating to a “buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $476.50.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.