American Century Companies Inc. Cuts Stock Position in Hubbell Inc $HUBB

American Century Companies Inc. trimmed its position in Hubbell Inc (NYSE:HUBB) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,061 shares of the industrial products company’s stock after selling 46,506 shares during the quarter. American Century Companies Inc. owned 0.16% of Hubbell worth $35,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HUBB. Jones Financial Companies Lllp increased its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 1,518 shares during the last quarter. Empowered Funds LLC boosted its position in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Hubbell by 271.9% in the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell during the 1st quarter valued at about $599,000. Finally, Atria Investments Inc increased its position in shares of Hubbell by 91.2% during the 2nd quarter. Atria Investments Inc now owns 2,853 shares of the industrial products company’s stock valued at $1,165,000 after purchasing an additional 1,361 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling

In other news, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the sale, the vice president owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the completion of the transaction, the chief executive officer owned 64,420 shares of the company’s stock, valued at $32,143,647.40. This trade represents a 28.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,689 shares of company stock worth $17,407,395 in the last quarter. 0.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on HUBB. Barclays upped their price target on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley set a $515.00 target price on shares of Hubbell in a report on Wednesday, January 7th. Wells Fargo & Company raised their target price on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $529.75.

Hubbell Stock Performance

Shares of HUBB stock opened at $472.11 on Friday. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The business’s fifty day simple moving average is $491.37 and its 200-day simple moving average is $455.93. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.10 billion, a PE ratio of 28.32, a PEG ratio of 2.41 and a beta of 1.00.

Hubbell (NYSE:HUBB) last issued 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 business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted $4.10 EPS. Hubbell’s revenue for the quarter was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is presently 34.07%.

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.