Evexia Wealth LLC Has $16.26 Million Stake in Hubbell Inc $HUBB

Evexia Wealth LLC cut its position in Hubbell Inc (NYSE:HUBB) by 9.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 30,119 shares of the industrial products company’s stock after selling 3,130 shares during the quarter. Hubbell accounts for 4.6% of Evexia Wealth LLC’s investment portfolio, making the stock its 5th largest holding. Evexia Wealth LLC’s holdings in Hubbell were worth $16,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBB. DNB Asset Management AS grew its position 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 acquiring an additional 1,832 shares during the last quarter. Nordea Investment Management AB raised its position in Hubbell by 1.5% in the 4th quarter. Nordea Investment Management AB now owns 206,382 shares of the industrial products company’s stock valued at $92,356,000 after purchasing an additional 2,983 shares during the last quarter. Perigon Wealth Management LLC raised its position in Hubbell by 32.4% in the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock valued at $7,372,000 after purchasing an additional 4,060 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Hubbell in the third quarter worth $7,462,000. Finally, Handelsbanken Fonder AB boosted its stake in Hubbell by 143.8% in the third quarter. Handelsbanken Fonder AB now owns 32,721 shares of the industrial products company’s stock worth $14,080,000 after purchasing an additional 19,298 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 0.2%

HUBB opened at $524.49 on Monday. The firm has a 50 day simple moving average of $502.16 and a 200 day simple moving average of $488.20. Hubbell Inc has a fifty-two week low of $385.91 and a fifty-two week high of $565.50. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.64 and a beta of 0.91. 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 (NYSE:HUBB) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $3.50 earnings per share. 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. On average, sell-side analysts anticipate that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBB. Stephens increased their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Morgan Stanley upped their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday, June 16th. Finally, Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus 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.