Hubbell (NYSE:HUBB) VP Sells 547 Shares

Hubbell Inc (NYSE:HUBB) VP Nero Jonathan Del sold 547 shares of Hubbell stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hubbell Stock Performance

Shares of HUBB traded down $5.83 during mid-day trading on Thursday, hitting $507.06. 302,949 shares of the company’s stock were exchanged, compared to its average volume of 600,295. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm has a market capitalization of $26.79 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.55 and a beta of 0.90. The business’s 50 day moving average is $494.29 and its two-hundred day moving average is $498.44. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22.

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

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s payout ratio is presently 33.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Bancorp Inc. lifted its holdings in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Raiffeisen Bank International AG grew its stake in shares of Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the period. Baillie Gifford & Co. grew its stake in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the period. Leonteq Securities AG purchased a new position in shares of Hubbell in the 1st quarter valued at about $33,000. Finally, DV Equities LLC purchased a new position in shares of Hubbell in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HUBB. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. UBS Group restated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

About Hubbell

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.