Hudson Bay Capital Management LP Lowers Holdings in Hubbell Inc $HUBB

Hudson Bay Capital Management LP reduced its stake in shares of Hubbell Inc (NYSE:HUBB) by 20.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,238 shares of the industrial products company’s stock after selling 2,875 shares during the period. Hudson Bay Capital Management LP’s holdings in Hubbell were worth $4,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBB. Townsquare Capital LLC lifted its holdings in shares of Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 22 shares in the last quarter. Unique Wealth LLC boosted its position in shares of Hubbell by 2.6% during the third quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 23 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 24 shares in the last quarter. Blue Trust Inc. increased its holdings in Hubbell by 5.5% in the 3rd quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 25 shares during the last quarter. Finally, Quest Investment Management LLC increased its holdings in 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 acquiring an additional 25 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling

In related news, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction 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 sale, the vice president owned 14,913 shares in the company, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the sale, the vice president owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 in the last 90 days. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HUBB. Wall Street Zen downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Barclays increased their price target on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $536.00.

Hubbell Stock Performance

Hubbell stock opened at $475.97 on Friday. The company’s 50-day moving average price is $494.97 and its 200-day moving average price is $458.75. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.30 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $533.80.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, equities research analysts forecast that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

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.