Hubbell Sees Unusually Large Options Volume (NYSE:HUBB)

Hubbell Inc (NYSE:HUBB) was the target of some unusual options trading activity on Wednesday. Stock traders bought 2,172 put options on the stock. This represents an increase of 870% compared to the average volume of 224 put options.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HUBB shares. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. UBS Group reiterated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley increased their price target on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Stephens increased their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and an average price target of $554.38.

Hubbell Trading Up 2.7%

Shares of HUBB traded up $13.41 during mid-day trading on Wednesday, reaching $516.06. The company had a trading volume of 120,404 shares, compared to its average volume of 600,206. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The firm has a fifty day simple moving average of $501.47 and a 200-day simple moving average of $486.30. Hubbell has a fifty-two week low of $385.91 and a fifty-two week high of $565.50. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts anticipate that Hubbell will post 19.84 EPS 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 issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is 33.55%.

Hedge Funds Weigh In On Hubbell

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after acquiring an additional 1,468,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hubbell in the 3rd quarter valued at $162,309,000. Boston Partners raised its stake in shares of Hubbell by 37.8% in the 4th quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after acquiring an additional 278,649 shares during the period. Troy Asset Management Ltd raised its stake in shares of Hubbell by 60.7% in the 4th quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after acquiring an additional 208,327 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in shares of Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after acquiring an additional 173,668 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

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.