Fiera Capital Corp Sells 2,684 Shares of Hubbell Inc $HUBB

Fiera Capital Corp lowered its position in shares of Hubbell Inc (NYSE:HUBB) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,689 shares of the industrial products company’s stock after selling 2,684 shares during the quarter. Fiera Capital Corp owned about 0.23% of Hubbell worth $51,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avestar Capital LLC lifted its position in Hubbell by 61.3% during the 3rd quarter. Avestar Capital LLC now owns 1,031 shares of the industrial products company’s stock valued at $444,000 after acquiring an additional 392 shares during the period. Keyvantage Wealth LLC bought a new position in shares of Hubbell during the third quarter valued at approximately $205,000. Beirne Wealth Consulting Services LLC bought a new position in shares of Hubbell during the third quarter valued at approximately $261,000. Crestwood Advisors Group LLC lifted its holdings in shares of Hubbell by 5.2% during the third quarter. Crestwood Advisors Group LLC now owns 565 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 28 shares during the last quarter. Finally, NEOS Investment Management LLC boosted its position in shares of Hubbell by 26.2% in the 3rd quarter. NEOS Investment Management LLC now owns 14,126 shares of the industrial products company’s stock worth $6,079,000 after purchasing an additional 2,933 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Price Performance

NYSE HUBB opened at $526.20 on Friday. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The stock has a 50-day moving average of $478.06 and a 200 day moving average of $449.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.64 and a beta of 1.02.

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. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $4.10 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, sell-side analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho set a $575.00 price objective on Hubbell in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Wells Fargo & Company lifted their price target on Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Barclays upped their price target on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $529.75.

Insider Transactions at Hubbell

In related news, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,689 shares of company stock valued at $17,407,395. Corporate insiders own 0.66% of the company’s stock.

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.