Calamos Advisors LLC Buys 1,201 Shares of Hubbell Inc $HUBB

Calamos Advisors LLC boosted its position in shares of Hubbell Inc (NYSE:HUBB) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,481 shares of the industrial products company’s stock after acquiring an additional 1,201 shares during the period. Calamos Advisors LLC’s holdings in Hubbell were worth $4,653,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HUBB. Jones Financial Companies Lllp boosted its stake in Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock valued at $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 196 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Hubbell by 271.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 155 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hubbell in the 1st quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 31.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Down 0.8%

HUBB opened at $480.05 on Thursday. The stock has a market capitalization of $25.37 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.44 and a beta of 0.89. 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 $403.82 and a 12 month high of $565.50. The firm’s fifty day simple moving average is $488.68 and its 200 day simple moving average is $495.27.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.06. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, research analysts anticipate that Hubbell Inc will post 19.83 EPS for the current fiscal year.

Hubbell Announces Dividend

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

Analyst Ratings Changes

HUBB has been the topic of a number of research analyst reports. Barclays increased their price target on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Wells Fargo & Company lifted their price target on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stephens upped their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $554.38.

About Hubbell

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.