AQR Capital Management LLC Sells 1,984 Shares of Hubbell Inc $HUBB

AQR Capital Management LLC decreased its holdings in Hubbell Inc (NYSE:HUBB) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,401 shares of the industrial products company’s stock after selling 1,984 shares during the period. AQR Capital Management LLC’s holdings in Hubbell were worth $5,282,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of Hubbell by 1,462.9% in the first quarter. Teacher Retirement System of Texas now owns 7,846 shares of the industrial products company’s stock worth $2,596,000 after acquiring an additional 7,344 shares during the period. Private Trust Co. NA grew its holdings in Hubbell by 60.4% during the 1st quarter. Private Trust Co. NA now owns 292 shares of the industrial products company’s stock valued at $97,000 after buying an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Hubbell by 29.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,578 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 360 shares during the last quarter. CX Institutional purchased a new stake in shares of Hubbell during the 1st quarter worth approximately $49,000. Finally, GAMMA Investing LLC boosted its position in shares of Hubbell by 58.7% during the 1st quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Hubbell from $352.00 to $417.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Wells Fargo & Company upgraded Hubbell from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Finally, Stephens reiterated an “overweight” rating and set a $500.00 target price on shares of Hubbell in a research report on Thursday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $472.63.

Hubbell Trading Down 3.0%

Shares of NYSE HUBB opened at $437.42 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. The business’s 50 day moving average price is $430.95 and its 200-day moving average price is $388.37. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.52 and a beta of 0.99.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping the consensus estimate of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, sell-side analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell’s dividend payout ratio (DPR) is presently 34.29%.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.