Concurrent Investment Advisors LLC Invests $1.51 Million in Hubbell Inc $HUBB

Concurrent Investment Advisors LLC bought a new position in shares of Hubbell Inc (NYSE:HUBB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,397 shares of the industrial products company’s stock, valued at approximately $1,508,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBB. 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 valued at $795,000 after buying an additional 1,518 shares during the last quarter. Empowered Funds LLC increased its holdings 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 buying an additional 196 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings 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 buying an additional 155 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Hubbell in the first quarter valued at about $599,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock valued at $191,000 after buying an additional 111 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares of the company’s stock, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 2,769 shares of the company’s stock, valued at $1,386,161.40. This trade represents a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last three months. 0.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $550.00 price objective on shares of Hubbell in a report on Thursday, February 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Evercore boosted their price objective on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays boosted their price objective on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $533.50.

Hubbell Stock Up 0.2%

NYSE:HUBB opened at $546.05 on Thursday. The firm has a market capitalization of $29.03 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 2.81 and a beta of 1.00. The stock has a 50 day moving average of $509.13 and a 200-day moving average of $476.70. Hubbell Inc has a 52 week low of $341.03 and a 52 week high of $565.50. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last posted its 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. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts predict that Hubbell Inc will post 19.79 EPS for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.0%. Hubbell’s dividend payout ratio is 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.