MidAtlantic Capital Management Inc. Acquires New Position in Hubbell Inc $HUBB

MidAtlantic Capital Management Inc. acquired a new stake in Hubbell Inc (NYSE:HUBB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,768 shares of the industrial products company’s stock, valued at approximately $925,000. Hubbell comprises about 0.6% of MidAtlantic Capital Management Inc.’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors have also recently bought and sold shares of HUBB. Pinnacle Bancorp Inc. boosted its position in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Raiffeisen Bank International AG increased its holdings in Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Leonteq Securities AG bought a new stake in Hubbell in the first quarter valued at about $33,000. DV Equities LLC bought a new stake in Hubbell in the fourth quarter valued at about $33,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Hubbell during the third quarter worth about $33,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

HUBB stock opened at $475.88 on Thursday. The stock has a 50-day moving average price of $495.99 and a two-hundred day moving average price of $498.75. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The stock has a market cap of $25.14 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.37 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.

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

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s payout ratio is presently 33.63%.

Analyst Upgrades and Downgrades

HUBB has been the subject of several analyst reports. Stephens boosted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Barclays lifted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $554.38.

Insiders Place Their Bets

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 stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.63% of the stock is currently owned by company insiders.

Hubbell Company 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.