Galaxy Digital Capital Management GP LLC Buys Shares of 1,476 Hubbell Inc $HUBB

Galaxy Digital Capital Management GP LLC bought a new position in Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,476 shares of the industrial products company’s stock, valued at approximately $772,000.

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

Insider Transactions at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Robert W. Baird initiated coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective for the company. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company boosted their price target on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $553.89.

Hubbell Stock Down 0.6%

Shares of HUBB stock opened at $464.05 on Wednesday. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50. The firm has a market cap of $24.52 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. The stock has a 50 day moving average of $494.67 and a 200-day moving average of $498.02. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $4.93 earnings per share. Hubbell’s quarterly revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts predict that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

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.