Hubbell Inc $HUBB Stock Position Trimmed by Pacific Point Advisors LLC

Pacific Point Advisors LLC trimmed its holdings in Hubbell Inc (NYSE:HUBB) by 27.7% during the second quarter, Holdings Channel reports. The institutional investor owned 8,104 shares of the industrial products company’s stock after selling 3,100 shares during the period. Hubbell makes up 1.8% of Pacific Point Advisors LLC’s portfolio, making the stock its 7th biggest holding. Pacific Point Advisors LLC’s holdings in Hubbell were worth $3,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new stake in shares of Hubbell in the second quarter worth approximately $29,000. Tsfg LLC acquired a new position in Hubbell during the first quarter worth approximately $30,000. CX Institutional purchased a new position in Hubbell during the first quarter worth approximately $49,000. NBC Securities Inc. acquired a new position in shares of Hubbell in the 1st quarter valued at $49,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Hubbell during the 1st quarter valued at $53,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HUBB. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Stephens reaffirmed an “overweight” rating and issued a $500.00 price objective on shares of Hubbell in a research note on Thursday, September 11th. Finally, Barclays increased their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average price target of $472.63.

Hubbell Price Performance

Shares of NYSE HUBB opened at $430.57 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. Hubbell Inc has a 1-year low of $299.42 and a 1-year high of $481.35. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 2.39 and a beta of 0.99. The business has a 50-day moving average of $433.78 and a 200-day moving average of $395.44.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, equities analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell’s payout ratio is presently 34.29%.

Hubbell Profile

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.