Allianz Asset Management GmbH Buys 53,809 Shares of Hubbell Inc $HUBB

Allianz Asset Management GmbH raised its stake in Hubbell Inc (NYSE:HUBB) by 2,300.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,148 shares of the industrial products company’s stock after purchasing an additional 53,809 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Hubbell worth $24,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of HUBB. Cullen Frost Bankers Inc. raised its position in Hubbell by 400.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after buying an additional 68 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Hubbell in the 3rd quarter worth $37,000. Root Financial Partners LLC purchased a new stake in shares of Hubbell in the third quarter valued at about $45,000. Johnson Financial Group Inc. lifted its position in shares of Hubbell by 185.4% during the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 89 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Hubbell during the second quarter valued at about $57,000. Institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling at Hubbell

In other Hubbell news, Director John F. Malloy purchased 435 shares of the stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $429.24 per share, with a total value of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares in the company, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is owned by insiders.

Hubbell Stock Performance

NYSE:HUBB opened at $503.28 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 0.85. The business has a fifty day simple moving average of $463.99 and a two-hundred day simple moving average of $444.71. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $513.59. The company has a market capitalization of $26.75 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.48 and a beta of 1.02.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, analysts expect that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is currently 34.07%.

Wall Street Analyst Weigh In

Several research firms have commented on HUBB. UBS Group reiterated a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Barclays upped their target price on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore lifted their price target on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday. Mizuho set a $575.00 price objective on Hubbell in a research note on Wednesday. Finally, Stephens reiterated an “overweight” rating and set a $550.00 target price on shares of Hubbell in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $529.75.

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.