Brasada Capital Management LP Purchases New Position in Hubbell Inc $HUBB

Brasada Capital Management LP purchased a new stake in Hubbell Inc (NYSE:HUBB) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,500 shares of the industrial products company’s stock, valued at approximately $666,000.

Several other large investors have also made changes to their positions in the company. BSW Wealth Partners grew its stake in shares of Hubbell by 2.9% in the 4th quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after buying an additional 22 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Hubbell by 2.2% in the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after buying an additional 23 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Hubbell by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after buying an additional 24 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Hubbell by 2.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares in the last quarter. Finally, Quest Investment Management LLC grew its stake in shares of Hubbell by 1.3% in the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after buying an additional 25 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Up 1.4%

HUBB opened at $476.04 on Friday. The business has a 50 day moving average price of $501.37 and a 200 day moving average price of $484.92. Hubbell Inc has a twelve month low of $380.86 and a twelve month high of $565.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The firm has a market cap of $25.15 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91.

Hubbell (NYSE:HUBB) last posted its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $3.50 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts forecast that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 29th. Hubbell’s payout ratio is 33.55%.

Analysts Set New Price Targets

HUBB has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Stephens boosted their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Barclays boosted their price target on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

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.