RWC Asset Management LLP Acquires 3,072 Shares of Hubbell Inc $HUBB

RWC Asset Management LLP grew its holdings in Hubbell Inc (NYSE:HUBB) by 10.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,410 shares of the industrial products company’s stock after acquiring an additional 3,072 shares during the quarter. RWC Asset Management LLP’s holdings in Hubbell were worth $15,155,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Tectonic Advisors LLC grew its holdings in shares of Hubbell by 2.0% during the third quarter. Tectonic Advisors LLC now owns 1,457 shares of the industrial products company’s stock worth $661,000 after buying an additional 28 shares during the last quarter. Wedbush Securities Inc. raised its stake in Hubbell by 4.7% during the 3rd quarter. Wedbush Securities Inc. now owns 1,269 shares of the industrial products company’s stock valued at $576,000 after acquiring an additional 57 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Hubbell by 4.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,352 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 60 shares during the last quarter. Sterling Capital Management LLC lifted its position in Hubbell by 2,160.1% during the 3rd quarter. Sterling Capital Management LLC now owns 39,236 shares of the industrial products company’s stock worth $17,798,000 after acquiring an additional 37,500 shares during the period. Finally, Yousif Capital Management LLC lifted its position in Hubbell by 0.6% during the 3rd quarter. Yousif Capital Management LLC now owns 5,284 shares of the industrial products company’s stock worth $2,397,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of Hubbell stock traded up $2.32 during trading on Friday, reaching $448.12. The company’s stock had a trading volume of 500,658 shares, compared to its average volume of 514,716. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. Hubbell Inc has a 12-month low of $403.82 and a 12-month high of $565.50. The company has a market capitalization of $23.68 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. The business has a 50 day moving average price of $463.36 and a 200-day moving average price of $486.98.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HUBB. Morgan Stanley set a $600.00 target price on Hubbell in a report on Friday, October 16th. Robert W. Baird initiated coverage on shares of Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Mizuho cut their price objective on shares of Hubbell from $575.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Wells Fargo & Company began coverage on shares of Hubbell in a research report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $552.67.

Insiders Place Their Bets

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

About Hubbell

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.