Hubbell Inc $HUBB Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,599 shares of the industrial products company’s stock after acquiring an additional 3,837 shares during the period. Daiwa Securities Group Inc. owned 0.08% of Hubbell worth $18,474,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Hubbell by 147.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after buying an additional 34 shares during the last quarter. NBT Bank N A NY purchased a new stake in Hubbell in the fourth quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its stake in shares of Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Hubbell by 62.8% in the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Hubbell by 630.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Down 1.8%

NYSE:HUBB opened at $476.37 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 12-month low of $380.86 and a 12-month high of $565.50. The firm has a market cap of $25.17 billion, a P/E ratio of 28.14, a PEG ratio of 2.45 and a beta of 0.91. The stock’s 50 day simple moving average is $502.20 and its 200-day simple moving average is $482.85.

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

Hubbell Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is 33.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HUBB shares. Stephens boosted their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $546.25.

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.