Avanza Fonder AB Raises Stock Holdings in Hubbell Inc $HUBB

Avanza Fonder AB lifted its holdings in Hubbell Inc (NYSE:HUBB) by 59.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,229 shares of the industrial products company’s stock after purchasing an additional 3,458 shares during the quarter. Avanza Fonder AB’s holdings in Hubbell were worth $4,099,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Boston Partners bought a new position in Hubbell during the second quarter valued at $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hubbell in the 3rd quarter worth $162,309,000. Troy Asset Management Ltd bought a new stake in shares of Hubbell in the 2nd quarter worth about $132,540,000. Bain Capital Public Equity Management II LLC bought a new stake in shares of Hubbell in the 2nd quarter worth about $132,286,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 valued at $712,484,000 after buying an additional 226,856 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Insiders Place Their Bets

In related news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the transaction, the vice president directly owned 2,769 shares in the company, valued at $1,386,161.40. This trade represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 34,689 shares of company stock valued at $17,407,395. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBB. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group reissued a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Morgan Stanley upped their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Wells Fargo & Company raised their price objective on 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 target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average price target of $536.00.

Hubbell Price Performance

Hubbell stock opened at $505.81 on Wednesday. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. 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 firm has a 50-day moving average price of $495.78 and a 200-day moving average price of $460.03. The firm has a market capitalization of $26.89 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.47 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 EPS for the quarter, beating the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm posted $4.10 EPS. The firm’s 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. As a group, equities research analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 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.