Hubbell Inc $HUBB Shares Acquired by Cwm LLC

Cwm LLC increased its position in shares of Hubbell Inc (NYSE:HUBB) by 653.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,211 shares of the industrial products company’s stock after purchasing an additional 10,590 shares during the quarter. Cwm LLC’s holdings in Hubbell were worth $5,255,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in Hubbell in the first quarter valued at $265,000. Quarry LP purchased a new position in Hubbell in the 1st quarter valued at approximately $139,000. MAI Capital Management boosted its holdings in Hubbell by 5.4% in the first quarter. MAI Capital Management now owns 1,454 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 75 shares during the period. Graham Capital Management L.P. grew its position in shares of Hubbell by 279.5% during the first quarter. Graham Capital Management L.P. now owns 4,933 shares of the industrial products company’s stock worth $1,632,000 after buying an additional 3,633 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Hubbell by 181.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company’s stock valued at $322,702,000 after purchasing an additional 628,886 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HUBB. Stephens reiterated an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a research note on Thursday, September 11th. Barclays upped their price objective on Hubbell from $431.00 to $456.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their target price on shares of Hubbell from $490.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of Hubbell from $417.00 to $458.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Finally, Evercore ISI initiated coverage on Hubbell in a research report on Monday, December 15th. They issued an “outperform” rating and a $575.00 price target for the company. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and an average price target of $488.43.

Hubbell Trading Down 1.0%

HUBB opened at $446.84 on Wednesday. The firm’s 50 day moving average is $442.85 and its 200-day moving average is $431.55. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $484.26. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $23.75 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.49 and a beta of 1.01.

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

Hubbell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $1.42 dividend. The ex-dividend date was Friday, November 28th. This is an increase from Hubbell’s previous quarterly dividend of $1.32. This represents a $5.68 dividend on an annualized basis and a yield of 1.3%. Hubbell’s payout ratio is presently 35.24%.

Insider Buying and Selling

In other news, insider Alyssa R. Flynn sold 2,011 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $470.32, for a total value of $945,813.52. Following the completion of the sale, the insider directly owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This represents a 38.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John F. Malloy bought 435 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the acquisition, the director owned 19,085 shares of the company’s stock, valued at $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.76% of the stock is owned by company insiders.

Hubbell Company Profile

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.