Hudson Edge Investment Partners Inc. Reduces Stock Position in Hubbell Inc $HUBB

Hudson Edge Investment Partners Inc. cut its holdings in Hubbell Inc (NYSE:HUBB) by 11.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,144 shares of the industrial products company’s stock after selling 1,920 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Hubbell were worth $7,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in Hubbell by 9.7% in the first quarter. V Square Quantitative Management LLC now owns 1,834 shares of the industrial products company’s stock valued at $900,000 after purchasing an additional 162 shares during the last quarter. QRG Capital Management Inc. raised its stake in Hubbell by 12.0% during the 1st quarter. QRG Capital Management Inc. now owns 3,850 shares of the industrial products company’s stock worth $1,889,000 after acquiring an additional 411 shares in the last quarter. TCI Wealth Advisors Inc. purchased a new stake in Hubbell in the first quarter valued at $213,000. HB Wealth Management LLC increased its position in shares of Hubbell by 19.0% during the first quarter. HB Wealth Management LLC now owns 1,712 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 273 shares in the last quarter. Finally, Baer Investment Advisory LLC purchased a new stake in shares of Hubbell in the 1st quarter valued at about $745,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Down 0.0%

Shares of Hubbell stock opened at $486.88 on Friday. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The company has a market cap of $25.73 billion, a P/E ratio of 28.76, a PEG ratio of 2.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The firm has a fifty day moving average of $496.81 and a two-hundred day moving average of $492.77.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $3.50 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, analysts forecast that Hubbell Inc will post 19.81 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.42 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is presently 33.55%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several research analyst reports. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Stephens lifted their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company upped 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 stock an “equal weight” rating in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $554.38.

Hubbell 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.