Louisiana State Employees Retirement System Takes $1.32 Million Position in Hubbell Inc $HUBB

Louisiana State Employees Retirement System purchased a new position in Hubbell Inc (NYSE:HUBB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,700 shares of the industrial products company’s stock, valued at approximately $1,325,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HUBB. Jones Financial Companies Lllp lifted its holdings in Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 1,518 shares during the period. Empowered Funds LLC grew its stake in shares of Hubbell by 18.9% during the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 196 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Hubbell by 271.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 155 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Hubbell during the 1st quarter valued at about $599,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 111 shares during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Performance

NYSE:HUBB opened at $486.88 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a 50-day simple moving average of $496.81 and a two-hundred day simple moving average of $492.77. The firm has a market capitalization of $25.73 billion, a PE ratio of 28.76, a P/E/G 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 posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Analysts forecast that Hubbell Inc will post 19.81 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Barclays boosted their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Stephens increased their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average price target of $554.38.

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.