Flow Traders U.S. LLC Makes New Investment in Hubbell Inc $HUBB

Flow Traders U.S. LLC purchased a new position in Hubbell Inc (NYSE:HUBB) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,525 shares of the industrial products company’s stock, valued at approximately $623,000.

Several other large investors also recently modified their holdings of HUBB. Citigroup Inc. lifted its holdings in Hubbell by 40.9% in the first quarter. Citigroup Inc. now owns 70,157 shares of the industrial products company’s stock valued at $23,216,000 after buying an additional 20,369 shares during the period. Townsquare Capital LLC grew its holdings in Hubbell by 12.6% during the 1st quarter. Townsquare Capital LLC now owns 3,034 shares of the industrial products company’s stock worth $1,004,000 after acquiring an additional 340 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Hubbell by 19.3% in the 1st quarter. Benjamin Edwards Inc. now owns 1,213 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 196 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Hubbell by 8.3% in the 1st quarter. Public Sector Pension Investment Board now owns 7,267 shares of the industrial products company’s stock valued at $2,405,000 after purchasing an additional 555 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its position in shares of Hubbell by 5.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 16,781 shares of the industrial products company’s stock valued at $5,556,000 after purchasing an additional 888 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Shares of NYSE HUBB opened at $448.55 on Thursday. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.42 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $484.26. The firm’s 50-day simple moving average is $435.62 and its 200 day simple moving average is $425.65.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $5.17 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.19. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company posted $4.49 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $1.42 per share. This is a boost from Hubbell’s previous quarterly dividend of $1.32. The ex-dividend date is Friday, November 28th. This represents a $5.68 annualized dividend and a yield of 1.3%. Hubbell’s dividend payout ratio (DPR) is 35.24%.

Analyst Ratings Changes

Several brokerages have issued reports on HUBB. Barclays boosted their price target on Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. JPMorgan Chase & Co. increased their target price on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Finally, UBS Group started coverage on shares of Hubbell in a report on Thursday, November 20th. They set a “neutral” rating and a $450.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $474.00.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of Hubbell stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total transaction of $945,813.52. Following the transaction, the insider directly owned 3,243 shares of the company’s stock, valued at $1,525,247.76. The trade was a 38.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Malloy bought 435 shares of the stock in a transaction dated Monday, November 17th. The stock was purchased at an average price of $429.24 per share, with a total value of $186,719.40. Following the acquisition, the director owned 19,085 shares of the company’s stock, valued at $8,192,045.40. The trade was a 2.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.66% of the company’s stock.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.