Interval Partners LP Lowers Position in Hubbell Inc $HUBB

Interval Partners LP lessened its stake in Hubbell Inc (NYSE:HUBB) by 49.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,437 shares of the industrial products company’s stock after selling 55,854 shares during the quarter. Interval Partners LP owned approximately 0.11% of Hubbell worth $25,508,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after buying an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new position in shares of Hubbell in the fourth quarter worth $27,000. Raiffeisen Bank International AG lifted its holdings in shares of Hubbell by 83.3% in the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Hubbell stock opened at $508.83 on Thursday. The company has a market cap of $26.89 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.53 and a beta of 0.91. The firm’s fifty day moving average is $501.65 and its 200 day moving average is $486.86. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52-week low of $385.91 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts forecast that Hubbell Inc will post 19.84 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s payout ratio is 33.55%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stephens boosted their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Morgan Stanley upped their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.