Numerai GP LLC Decreases Stock Holdings in Hubbell Inc $HUBB

Numerai GP LLC lowered its stake in shares of Hubbell Inc (NYSE:HUBB) by 59.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,481 shares of the industrial products company’s stock after selling 6,459 shares during the period. Numerai GP LLC’s holdings in Hubbell were worth $1,928,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Hubbell during the 3rd quarter valued at $33,000. Mather Group LLC. purchased a new stake in Hubbell during the 3rd quarter valued at $37,000. Root Financial Partners LLC bought a new position in shares of Hubbell during the 3rd quarter valued at $45,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Hubbell by 278.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley lifted their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Wells Fargo & Company boosted their price target on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. 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 research report on Wednesday, February 4th. Finally, Evercore increased their price objective on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $536.00.

Hubbell Price Performance

Shares of Hubbell stock opened at $472.97 on Tuesday. The stock has a market cap of $25.14 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.36 and a beta of 1.00. 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 stock’s fifty day moving average is $494.12 and its 200 day moving average is $457.77. Hubbell Inc has a one year low of $299.42 and a one year high of $533.80.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company posted $4.10 earnings per share. Hubbell’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Sell-side analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

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

Insider Activity

In other Hubbell news, CEO Gerben Bakker sold 25,233 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer directly owned 64,420 shares in the company, valued at $32,143,647.40. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is owned by insiders.

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.