Bancreek Capital Management LP Lowers Position in Hubbell Inc $HUBB

Bancreek Capital Management LP decreased its holdings in shares of Hubbell Inc (NYSE:HUBB) by 44.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,986 shares of the industrial products company’s stock after selling 4,773 shares during the quarter. Hubbell comprises approximately 11.1% of Bancreek Capital Management LP’s portfolio, making the stock its 4th biggest holding. Bancreek Capital Management LP’s holdings in Hubbell were worth $2,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Hubbell during the 3rd quarter valued at $162,309,000. Troy Asset Management Ltd increased its holdings in shares of Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock worth $244,980,000 after purchasing an additional 208,327 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Hubbell by 355.8% in the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company’s stock worth $95,738,000 after purchasing an additional 173,668 shares during the period. Boston Partners increased its holdings in shares of Hubbell by 30.7% in the third quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares during the period. Finally, Merewether Investment Management LP bought a new position in shares of Hubbell in the second quarter worth $68,164,000. Institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several research analyst reports. Stephens upped their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Mizuho set a $575.00 price target on shares of Hubbell in a report on Wednesday, February 4th. Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company increased their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Stock Up 1.1%

HUBB opened at $485.58 on Thursday. The stock has a market cap of $25.66 billion, a PE ratio of 28.68, a P/E/G ratio of 2.42 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52 week low of $380.86 and a 52 week high of $565.50. The business’s fifty day simple moving average is $503.16 and its 200 day simple moving average is $482.53.

Hubbell (NYSE:HUBB) last released its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts expect that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

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.