Brasada Capital Management LP Purchases Shares of 1,500 Hubbell Inc $HUBB

Brasada Capital Management LP purchased a new stake in Hubbell Inc (NYSE:HUBB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,500 shares of the industrial products company’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DNB Asset Management AS raised its holdings in Hubbell by 4.9% during the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock worth $17,260,000 after buying an additional 1,832 shares during the period. Perigon Wealth Management LLC raised its holdings in Hubbell by 32.4% during the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after buying an additional 4,060 shares during the period. Nordea Investment Management AB raised its holdings in Hubbell by 1.5% during the 4th quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock worth $92,356,000 after buying an additional 2,983 shares during the period. Troy Asset Management Ltd raised its holdings in Hubbell by 5.8% during the 3rd quarter. Troy Asset Management Ltd now owns 343,293 shares of the industrial products company’s stock worth $147,722,000 after buying an additional 18,767 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in Hubbell during the 3rd quarter worth about $7,462,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Trading Up 1.4%

NYSE:HUBB opened at $476.04 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. Hubbell Inc has a fifty-two week low of $380.86 and a fifty-two week high of $565.50. The stock’s 50-day moving average is $501.37 and its two-hundred day moving average is $484.92. The stock has a market cap of $25.15 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91.

Hubbell (NYSE:HUBB) last released 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. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The business’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. As a group, equities research analysts forecast that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on HUBB shares. Morgan Stanley boosted their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Barclays boosted their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently 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.