Bridgefront Capital LLC Invests $512,000 in Hubbell Inc $HUBB

Bridgefront Capital LLC purchased a new stake in Hubbell Inc (NYSE:HUBB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,191 shares of the industrial products company’s stock, valued at approximately $512,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its stake in shares of Hubbell by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 98,587 shares of the industrial products company’s stock worth $42,423,000 after acquiring an additional 3,613 shares during the last quarter. Chilton Investment Co. Inc. grew its holdings in shares of Hubbell by 304.5% in the third quarter. Chilton Investment Co. Inc. now owns 6,448 shares of the industrial products company’s stock valued at $2,775,000 after purchasing an additional 4,854 shares during the period. Bank of Nova Scotia increased its position in Hubbell by 21.5% during the third quarter. Bank of Nova Scotia now owns 5,490 shares of the industrial products company’s stock worth $2,362,000 after purchasing an additional 973 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Hubbell during the third quarter worth about $3,489,000. Finally, Arrow Capital Pty Ltd acquired a new position in Hubbell in the 3rd quarter valued at about $4,303,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the completion of the sale, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 34,689 shares of company stock worth $17,407,395. 0.76% of the stock is owned by corporate insiders.

Hubbell Stock Performance

NYSE:HUBB opened at $472.97 on Tuesday. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $533.80. The company has a fifty day simple moving average of $494.12 and a two-hundred day simple moving average of $457.77. 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 $25.14 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm earned $4.10 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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 was Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Analyst Upgrades and Downgrades

HUBB has been the subject of several analyst reports. Mizuho set a $575.00 price target on shares of Hubbell in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Evercore increased their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley raised their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. lifted their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.