Arrowstreet Capital Limited Partnership Trims Position in Hubbell Inc $HUBB

Arrowstreet Capital Limited Partnership reduced its position in shares of Hubbell Inc (NYSE:HUBB) by 8.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 270,358 shares of the industrial products company’s stock after selling 25,230 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Hubbell were worth $132,675,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HUBB. Wellington Management Group LLP grew its stake in shares of Hubbell by 140.4% in the 4th quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after buying an additional 1,468,701 shares during the period. Boston Partners raised its position in Hubbell by 37.8% in the fourth quarter. Boston Partners now owns 1,015,118 shares of the industrial products company’s stock valued at $452,675,000 after purchasing an additional 278,649 shares during the period. Troy Asset Management Ltd raised its position in Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after purchasing an additional 208,327 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Hubbell by 355.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock valued at $95,738,000 after purchasing an additional 173,668 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new position in shares of Hubbell in the 2nd quarter valued at $68,164,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Price Performance

Shares of HUBB opened at $485.33 on Friday. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm has a 50-day simple moving average of $488.26 and a 200-day simple moving average of $496.57. 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 company has a market capitalization of $25.64 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89.

Hubbell (NYSE:HUBB) last announced its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating 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 company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities research analysts anticipate that Hubbell Inc will post 19.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group restated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday, June 16th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their target price on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Stephens boosted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Barclays lifted their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $554.38.

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.