Fox Run Management L.L.C. Purchases New Position in Hubbell Inc $HUBB

Fox Run Management L.L.C. acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,974 shares of the industrial products company’s stock, valued at approximately $849,000.

Several other large investors have also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT boosted its position in shares of Hubbell by 1,103.2% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 46,733 shares of the industrial products company’s stock worth $20,110,000 after purchasing an additional 42,849 shares in the last quarter. Mufg Securities Americas Inc. increased its position in shares of Hubbell by 21.1% in the 3rd quarter. Mufg Securities Americas Inc. now owns 1,433 shares of the industrial products company’s stock valued at $617,000 after buying an additional 250 shares in the last quarter. First Financial Bankshares Inc raised its stake in Hubbell by 31.7% during the 3rd quarter. First Financial Bankshares Inc now owns 2,673 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 643 shares during the period. Compound Planning Inc. lifted its holdings in Hubbell by 9.6% during the third quarter. Compound Planning Inc. now owns 562 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Hubbell by 13.7% during the third quarter. EverSource Wealth Advisors LLC now owns 532 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HUBB. UBS Group reaffirmed a “neutral” rating and set a $450.00 price target on shares of Hubbell in a research report on Friday, December 12th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Monday, February 16th. Stephens reaffirmed an “overweight” rating and issued a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Barclays upped their price target on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and an average price target of $529.75.

Hubbell Trading Down 0.7%

Hubbell stock opened at $524.07 on Friday. The firm has a 50-day moving average of $486.59 and a 200-day moving average of $453.41. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The company has a market cap of $27.86 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 2.67 and a beta of 1.02.

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

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio is presently 34.07%.

Insider Activity

In related news, CEO Gerben Bakker sold 25,233 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,689 shares of company stock valued at $17,407,395 over the last three months. Corporate insiders own 0.66% of the company’s stock.

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.