Vaughan Nelson Investment Management L.P. Acquires 91,777 Shares of Hubbell Inc $HUBB

Vaughan Nelson Investment Management L.P. raised its holdings in shares of Hubbell Inc (NYSE:HUBB) by 130.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,207 shares of the industrial products company’s stock after acquiring an additional 91,777 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.30% of Hubbell worth $66,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HUBB. Central Pacific Bank Trust Division purchased a new position in Hubbell in the second quarter worth about $29,000. Tsfg LLC bought a new stake in shares of Hubbell during the first quarter valued at approximately $30,000. CX Institutional bought a new stake in shares of Hubbell during the first quarter valued at approximately $49,000. NBC Securities Inc. bought a new stake in shares of Hubbell during the first quarter valued at approximately $49,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Hubbell during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 2.4%

HUBB opened at $413.15 on Friday. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $432.84 and a 200 day moving average price of $396.77. The company has a market cap of $21.95 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating analysts’ consensus estimates of $4.36 by $0.57. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 29th. Hubbell’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Stephens reaffirmed an “overweight” rating and set a $500.00 price target on shares of Hubbell in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Saturday, September 27th. Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Wells Fargo & Company raised shares of Hubbell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target of $472.63.

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.