Vestor Capital LLC Raises Position in Hubbell Inc $HUBB

Vestor Capital LLC raised its position in Hubbell Inc (NYSE:HUBB) by 194.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,794 shares of the industrial products company’s stock after acquiring an additional 2,504 shares during the quarter. Vestor Capital LLC’s holdings in Hubbell were worth $1,862,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Hubbell in the first quarter worth approximately $216,000. Western Wealth Management LLC purchased a new stake in shares of Hubbell during the first quarter worth approximately $55,000. Altshuler Shaham Ltd raised its stake in Hubbell by 13.8% in the 1st quarter. Altshuler Shaham Ltd now owns 2,594 shares of the industrial products company’s stock valued at $1,273,000 after purchasing an additional 315 shares during the last quarter. Smith Group Asset Management LLC raised its stake in Hubbell by 8.3% in the 1st quarter. Smith Group Asset Management LLC now owns 86,736 shares of the industrial products company’s stock valued at $42,565,000 after purchasing an additional 6,616 shares during the last quarter. Finally, Amundi lifted its holdings in Hubbell by 1.1% in the 1st quarter. Amundi now owns 458,065 shares of the industrial products company’s stock valued at $224,822,000 after purchasing an additional 4,885 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Performance

NYSE HUBB opened at $473.43 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.94 and a current ratio of 1.61. The stock’s fifty day moving average is $489.48 and its two-hundred day moving average is $497.07. The firm has a market capitalization of $25.02 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $4.93 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, research analysts anticipate that Hubbell Inc will post 20.42 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is presently 33.63%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HUBB shares. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Barclays increased their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Finally, Stephens increased their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

About Hubbell

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.