Hubbell Inc $HUBB Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Hubbell Inc (NYSE:HUBB) by 64.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,879 shares of the industrial products company’s stock after acquiring an additional 1,514 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hubbell were worth $1,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of Hubbell by 15.7% during the third quarter. Nordea Investment Management AB now owns 203,399 shares of the industrial products company’s stock worth $87,333,000 after purchasing an additional 27,576 shares in the last quarter. Walter Public Investments Inc. grew its holdings in shares of Hubbell by 33.3% in the third quarter. Walter Public Investments Inc. now owns 35,086 shares of the industrial products company’s stock valued at $15,098,000 after purchasing an additional 8,774 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in Hubbell during the 2nd quarter worth approximately $1,431,000. Massachusetts Financial Services Co. MA lifted its holdings in Hubbell by 15.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock worth $712,484,000 after buying an additional 226,856 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Hubbell by 20.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 23,067 shares of the industrial products company’s stock worth $9,405,000 after buying an additional 3,928 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of several research reports. Wells Fargo & Company boosted their price target on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho set a $575.00 target price on Hubbell in a research note on Wednesday. Morgan Stanley set a $515.00 price target on Hubbell in a report on Wednesday, January 7th. Stephens reiterated an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a research note on Thursday. Finally, UBS Group reissued a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Hubbell has a consensus rating of “Moderate Buy” and an average price target of $529.75.

Hubbell Trading Up 3.3%

HUBB opened at $503.28 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. Hubbell Inc has a one year low of $299.42 and a one year high of $513.59. The company has a market cap of $26.75 billion, a P/E ratio of 30.19, a PEG ratio of 2.55 and a beta of 1.02. The business’s 50-day simple moving average is $463.99 and its 200-day simple moving average is $444.88.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

Insiders Place Their Bets

In related news, Director John F. Malloy purchased 435 shares of Hubbell stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $429.24 per share, with a total value of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares in the company, valued at approximately $8,192,045.40. The trade was a 2.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is currently owned by company insiders.

Hubbell 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.