Valley Wealth Managers Inc. Cuts Stock Holdings in Hubbell Inc $HUBB

Valley Wealth Managers Inc. lowered its position in Hubbell Inc (NYSE:HUBB) by 4.5% in the first quarter, Holdings Channel.com reports. The firm owned 53,916 shares of the industrial products company’s stock after selling 2,535 shares during the quarter. Hubbell makes up about 1.7% of Valley Wealth Managers Inc.’s holdings, making the stock its 19th largest position. Valley Wealth Managers Inc.’s holdings in Hubbell were worth $26,459,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in shares of Hubbell by 171.9% during the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after buying an additional 196 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares during the period. Acadian Asset Management LLC acquired a new position in Hubbell during the first quarter worth $599,000. Finally, EverSource Wealth Advisors LLC raised its position in Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Up 1.5%

HUBB stock opened at $489.18 on Friday. The company’s 50 day simple moving average is $488.41 and its 200-day simple moving average is $495.42. The firm has a market capitalization of $25.85 billion, a PE ratio of 28.89, a P/E/G ratio of 2.46 and a beta of 0.89. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) 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 the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts expect that Hubbell Inc will post 19.86 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is presently 33.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HUBB shares. Barclays raised their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wells Fargo & Company boosted their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

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.