Boothbay Fund Management LLC Has $11.96 Million Position in Hubbell Inc $HUBB

Boothbay Fund Management LLC cut its holdings in shares of Hubbell Inc (NYSE:HUBB) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,793 shares of the industrial products company’s stock after selling 2,234 shares during the quarter. Boothbay Fund Management LLC’s holdings in Hubbell were worth $11,960,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Hantz Financial Services Inc. grew 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 acquiring an additional 41 shares in the last quarter. Mather Group LLC. bought a new stake in Hubbell during the third quarter worth about $37,000. Root Financial Partners LLC bought a new stake in Hubbell during the third quarter worth about $45,000. SBI Securities Co. Ltd. boosted its position in Hubbell by 278.1% during the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 89 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in Hubbell by 185.4% in the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 89 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hubbell

In related news, CEO Gerben Bakker sold 25,233 shares of Hubbell stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $498.97, for a total transaction of $12,590,510.01. Following the completion of the sale, the chief executive officer owned 64,420 shares of the company’s stock, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares in the company, valued at approximately $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 34,689 shares of company stock valued at $17,407,395 over the last three months. Company insiders own 0.66% of the company’s stock.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $467.52 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The stock has a 50 day moving average of $493.98 and a 200-day moving average of $457.51. The company has a market capitalization of $24.85 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.36 and a beta of 1.00.

Hubbell (NYSE:HUBB) last posted 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. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business earned $4.10 EPS. The firm’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. As a group, equities research analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s payout ratio is currently 34.07%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HUBB shares. Stephens reiterated an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Wells Fargo & Company increased their price target on shares of Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Barclays lifted their price objective 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. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $536.00.

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.