Hubbell Inc $HUBB Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Hubbell Inc (NYSE:HUBB) by 21.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 43,751 shares of the industrial products company’s stock after acquiring an additional 7,809 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hubbell were worth $21,470,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. BSW Wealth Partners grew its holdings in shares of Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock worth $341,000 after buying an additional 22 shares during the last quarter. GAMMA Investing LLC raised its stake in Hubbell by 2.2% during the 4th quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 23 shares during the last quarter. Ballentine Partners LLC raised its stake in Hubbell by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 24 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 24 shares during the period. Finally, Quest Investment Management LLC lifted its position in Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of HUBB opened at $524.49 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. The stock’s 50 day moving average is $502.16 and its two-hundred day moving average is $487.78. Hubbell Inc has a twelve month low of $385.91 and a twelve month high of $565.50. The firm has a market capitalization of $27.71 billion, a PE ratio of 30.98, a P/E/G ratio of 2.64 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion during 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 for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

Wall Street Analyst Weigh In

HUBB has been the topic of several analyst reports. Wells Fargo & Company lifted 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. Morgan Stanley increased their price target on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. Wall Street Zen lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Barclays boosted their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company 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 data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and an average target price of $554.38.

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.