Bradley Foster & Sargent Inc. CT Has $53.08 Million Position in Hubbell Inc $HUBB

Bradley Foster & Sargent Inc. CT boosted its holdings in Hubbell Inc (NYSE:HUBB) by 100.6% during the first quarter, Holdings Channel reports. The fund owned 108,165 shares of the industrial products company’s stock after purchasing an additional 54,237 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Hubbell were worth $53,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Hubbell by 140.4% during the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after buying an additional 1,468,701 shares in the last quarter. Boston Partners grew its stake in Hubbell by 37.8% during the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock worth $452,675,000 after buying an additional 278,649 shares in the last quarter. Troy Asset Management Ltd grew its stake in Hubbell by 60.7% during the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after buying an additional 208,327 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after buying an additional 173,668 shares during the period. Finally, Merewether Investment Management LP acquired a new position in shares of Hubbell in the 2nd quarter valued at approximately $68,164,000. 88.16% of the stock is owned by institutional investors.

Hubbell Trading Down 0.6%

Shares of Hubbell stock opened at $485.33 on Friday. The firm’s 50 day moving average is $488.26 and its 200 day moving average is $496.57. The firm has a market capitalization of $25.64 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities research analysts forecast that Hubbell Inc will post 19.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HUBB has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Stephens raised their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.