Assenagon Asset Management S.A. Acquires 15,211 Shares of Hubbell Inc $HUBB

Assenagon Asset Management S.A. boosted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 84.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,165 shares of the industrial products company’s stock after purchasing an additional 15,211 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Hubbell were worth $16,275,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Hubbell by 140.4% in the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Hubbell in the 3rd quarter worth about $162,309,000. Boston Partners raised its position in shares of Hubbell by 37.8% during the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after buying an additional 278,649 shares in the last quarter. Troy Asset Management Ltd lifted its holdings in shares of Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after acquiring an additional 208,327 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of 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 acquiring an additional 173,668 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the topic of several analyst reports. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Morgan Stanley lifted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Stephens increased their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $554.38.

Hubbell Stock Performance

Hubbell stock opened at $517.20 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The firm has a market capitalization of $27.33 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.91. Hubbell Inc has a 1-year low of $402.04 and a 1-year high of $565.50. The company’s 50-day moving average is $500.86 and its 200 day moving average is $490.95.

Hubbell (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.06. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts forecast that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

Hubbell Company 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.