Visionary Wealth Advisors Purchases New Position in Hubbell Inc $HUBB

Visionary Wealth Advisors purchased a new stake in Hubbell Inc (NYSE:HUBB) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,209 shares of the industrial products company’s stock, valued at approximately $633,000.

Several other large investors also recently added to or reduced their stakes in HUBB. Cibc World Market Inc. purchased a new stake in Hubbell during the second quarter valued at approximately $237,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Hubbell in the 2nd quarter worth approximately $1,477,000. Sanctuary Advisors LLC purchased a new position in shares of Hubbell in the 2nd quarter worth approximately $3,799,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hubbell during the 2nd quarter valued at approximately $7,648,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hubbell during the 2nd quarter valued at approximately $10,597,000. 88.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUBB has been the subject of a number of analyst reports. Robert W. Baird started coverage on Hubbell in a research report on Thursday. They issued an “outperform” rating and a $550.00 price target for the company. UBS Group reiterated a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research report on Tuesday, June 16th. Barclays increased their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.89.

Hubbell Price Performance

Shares of HUBB stock opened at $466.72 on Tuesday. Hubbell Inc has a 52-week low of $403.82 and a 52-week high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a market capitalization of $24.66 billion, a P/E ratio of 27.63, a P/E/G ratio of 2.30 and a beta of 0.90. The stock has a 50 day moving average price of $495.45 and a 200 day moving average price of $498.18.

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

Hubbell Announces Dividend

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 paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Hubbell’s payout ratio is currently 33.63%.

Insider Activity at Hubbell

In other news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president directly 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 accessible through the SEC website. Insiders own 0.63% of the company’s stock.

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.