Louisiana State Employees Retirement System Invests $1.32 Million in Hubbell Inc $HUBB

Louisiana State Employees Retirement System acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) during the 1st quarter, Holdings Channel reports. The fund acquired 2,700 shares of the industrial products company’s stock, valued at approximately $1,325,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC increased its stake in Hubbell by 18.9% in the 1st quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after buying an additional 196 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after buying an additional 155 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Hubbell in the 1st quarter worth $599,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Hubbell by 31.1% during the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 111 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

HUBB opened at $486.88 on Friday. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.46 and a beta of 0.89. The company has a fifty day moving average of $496.81 and a 200 day moving average of $492.77. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, sell-side analysts forecast that Hubbell Inc will post 19.81 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBB. Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. UBS Group reaffirmed a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Barclays increased their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Stephens lifted their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company boosted their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $554.38.

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.