Stephens Inc. AR Purchases 116 Shares of Hubbell Inc $HUBB

Stephens Inc. AR lifted its position in Hubbell Inc (NYSE:HUBB) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,819 shares of the industrial products company’s stock after purchasing an additional 116 shares during the quarter. Stephens Inc. AR’s holdings in Hubbell were worth $743,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HUBB. GAMMA Investing LLC increased its holdings in shares of Hubbell by 58.7% in the first quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 215 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Hubbell by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,498 shares of the industrial products company’s stock valued at $1,820,000 after acquiring an additional 198 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Hubbell by 390.3% in the first quarter. Golden State Wealth Management LLC now owns 809 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 644 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Hubbell by 465.3% in the first quarter. Sequoia Financial Advisors LLC now owns 35,307 shares of the industrial products company’s stock valued at $11,683,000 after acquiring an additional 29,061 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Hubbell by 7.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 20,213 shares of the industrial products company’s stock valued at $6,689,000 after acquiring an additional 1,402 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Hubbell stock opened at $435.02 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $431.29 and a 200-day moving average of $406.05. The firm has a market cap of $23.12 billion, a P/E ratio of 28.25, a P/E/G ratio of 2.42 and a beta of 0.96. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $481.35.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $0.57. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Sell-side analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on HUBB shares. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Mizuho increased their target price on Hubbell from $475.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Stephens reissued an “overweight” rating and issued a $500.00 target price on shares of Hubbell in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.50.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.