Hubbell Inc $HUBB Stake Lessened by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its stake in shares of Hubbell Inc (NYSE:HUBB) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,822 shares of the industrial products company’s stock after selling 6,775 shares during the quarter. Stephens Investment Management Group LLC owned about 0.21% of Hubbell worth $48,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HUBB. Cullen Frost Bankers Inc. increased its position in shares of Hubbell by 400.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 68 shares during the period. Mather Group LLC. acquired a new stake in shares of Hubbell in the third quarter valued at $37,000. Johnson Financial Group Inc. boosted its stake in Hubbell by 185.4% during the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after buying an additional 89 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Hubbell during the second quarter worth about $57,000. Finally, MUFG Securities EMEA plc bought a new stake in Hubbell in the second quarter worth about $65,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several research reports. Morgan Stanley set a $515.00 price objective on shares of Hubbell in a research report on Wednesday, January 7th. Mizuho raised their target price on shares of Hubbell from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Wall Street Zen cut Hubbell from a “strong-buy” rating to a “buy” rating in a report on Monday, December 29th. UBS Group reiterated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Finally, Wells Fargo & Company lifted their target price on Hubbell from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

Hubbell Trading Up 1.2%

NYSE HUBB opened at $489.92 on Friday. The firm’s 50 day moving average price is $446.57 and its two-hundred day moving average price is $437.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $497.95. The stock has a market cap of $26.04 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.45 and a beta of 1.02.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.19. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the company earned $4.49 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Equities analysts anticipate that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, November 28th. This is a boost from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s payout ratio is presently 35.24%.

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 2,470 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $466.50, for a total transaction of $1,152,255.00. Following the completion of the sale, the insider directly owned 4,785 shares in the company, valued at approximately $2,232,202.50. This trade represents a 34.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alyssa R. Flynn sold 2,011 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $470.32, for a total value of $945,813.52. Following the completion of the transaction, the insider owned 3,243 shares in the company, valued at $1,525,247.76. This trade represents a 38.28% decrease in their position. The SEC filing for this sale provides additional information. 0.66% of the stock is currently owned by company insiders.

Hubbell 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.