1,476 Shares in Hubbell Inc $HUBB Acquired by Galaxy Digital Capital Management GP LLC

Galaxy Digital Capital Management GP LLC purchased a new position in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,476 shares of the industrial products company’s stock, valued at approximately $772,000.

Several other institutional investors also recently modified their holdings of HUBB. Legal & General Group Plc acquired a new stake in shares of Hubbell during the 2nd quarter valued at $142,551,000. The Manufacturers Life Insurance Company acquired a new position in shares of Hubbell in the 2nd quarter worth $13,957,000. Fiduciary Financial Advisors acquired a new position in shares of Hubbell in the 2nd quarter worth $37,000. L2 Asset Management LLC acquired a new stake in shares of Hubbell during the second quarter worth $960,000. Finally, Visionary Wealth Advisors acquired a new stake in shares of Hubbell during the second quarter worth $633,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 0.6%

Shares of Hubbell stock opened at $464.05 on Wednesday. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a market cap of $24.52 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.29 and a beta of 0.90. 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 $494.67 and a 200 day moving average price of $498.02.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts expect that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s payout ratio is presently 33.63%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research firms recently weighed in on HUBB. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Robert W. Baird began coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $553.89.

About Hubbell

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.