33,950 Shares in Hubbell Inc $HUBB Purchased by Moore Capital Management LP

Moore Capital Management LP acquired a new stake in Hubbell Inc (NYSE:HUBB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,950 shares of the industrial products company’s stock, valued at approximately $14,609,000. Moore Capital Management LP owned 0.06% of Hubbell as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares during the period. Mather Group LLC. purchased a new stake in shares of Hubbell in the third quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new position in Hubbell during the third quarter worth $45,000. SBI Securities Co. Ltd. grew its holdings in Hubbell by 278.1% during the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 89 shares during the period. Finally, Johnson Financial Group Inc. raised its position in Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of Hubbell stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the transaction, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction dated 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 directly owned 14,913 shares in the company, valued at $7,540,012.80. This trade represents a 23.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 34,689 shares of company stock valued at $17,407,395. Insiders own 0.76% of the company’s stock.

Hubbell Stock Up 1.2%

HUBB opened at $472.97 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.36 and a beta of 1.00. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80. The business’s fifty day moving average is $494.12 and its two-hundred day moving average is $457.77.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The business had revenue of $1.49 billion during 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% on a year-over-year basis. During the same quarter last year, the business posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is 34.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group reissued a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a report on Friday, December 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on shares of Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Mizuho set a $575.00 price objective on shares of Hubbell in a report on Wednesday, February 4th. Finally, Barclays upped their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $536.00.

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.