Hubbell Inc $HUBB Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Hubbell Inc (NYSE:HUBB) by 32.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,165 shares of the industrial products company’s stock after selling 12,413 shares during the quarter. SG Americas Securities LLC’s holdings in Hubbell were worth $12,840,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HUBB. Vaughan Nelson Investment Management L.P. lifted its stake in Hubbell by 2.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 186,792 shares of the industrial products company’s stock valued at $91,666,000 after acquiring an additional 4,220 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Hubbell by 21.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,751 shares of the industrial products company’s stock worth $21,470,000 after acquiring an additional 7,809 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Hubbell by 23.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 2,207 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 414 shares during the last quarter. WESPAC Advisors SoCal LLC raised its holdings in shares of Hubbell by 40.0% during the first quarter. WESPAC Advisors SoCal LLC now owns 4,019 shares of the industrial products company’s stock worth $1,972,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Hubbell by 50.2% during the fourth quarter. Hsbc Holdings PLC now owns 208,876 shares of the industrial products company’s stock valued at $92,832,000 after purchasing an additional 69,790 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Down 3.5%

Shares of HUBB stock opened at $517.20 on Friday. The stock’s fifty day moving average is $500.86 and its two-hundred day moving average is $490.95. 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 firm has a market capitalization of $27.33 billion, a P/E ratio of 30.55, a PEG ratio of 2.70 and a beta of 0.91. Hubbell Inc has a fifty-two week low of $402.04 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts expect that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Stephens lifted their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Barclays raised their price target 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. Finally, Morgan Stanley lifted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

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.