Azzad Asset Management Inc. ADV Purchases Shares of 3,631 Hubbell Inc $HUBB

Azzad Asset Management Inc. ADV purchased a new position in Hubbell Inc (NYSE:HUBB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,631 shares of the industrial products company’s stock, valued at approximately $1,782,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in shares of Hubbell by 165.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. NBT Bank N A NY acquired a new stake in Hubbell during the 4th quarter worth about $27,000. Raiffeisen Bank International AG lifted its position in Hubbell by 83.3% during the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Hubbell during the 1st quarter valued at about $33,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 1.3%

NYSE HUBB opened at $491.60 on Friday. Hubbell Inc has a 1 year low of $403.82 and a 1 year high of $565.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The company has a market capitalization of $25.98 billion, a PE ratio of 29.04, a P/E/G ratio of 2.45 and a beta of 0.89. The company has a fifty day moving average of $490.25 and a 200 day moving average of $494.46.

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, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts forecast that Hubbell Inc will post 19.83 earnings per share for the current year.

Hubbell Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HUBB. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings raised Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. UBS Group reiterated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Wells Fargo & Company increased their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $554.38.

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.