Ascent Group LLC Has $485,000 Stock Holdings in Hubbell Inc $HUBB

Ascent Group LLC boosted its position in shares of Hubbell Inc (NYSE:HUBB) by 113.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,465 shares of the industrial products company’s stock after buying an additional 778 shares during the quarter. Ascent Group LLC’s holdings in Hubbell were worth $485,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. United Services Automobile Association acquired a new position in shares of Hubbell in the 1st quarter valued at $400,000. Caxton Associates LLP acquired a new position in shares of Hubbell in the 1st quarter valued at $1,335,000. Sciencast Management LP acquired a new position in shares of Hubbell in the 1st quarter valued at $781,000. Jones Financial Companies Lllp lifted its stake in shares of 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 purchasing an additional 1,518 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Hubbell by 259.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 5,211 shares of the industrial products company’s stock worth $1,724,000 after acquiring an additional 3,761 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company upgraded Hubbell from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Barclays raised their price objective on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on Hubbell from $352.00 to $417.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $468.71.

Hubbell Trading Up 1.2%

Shares of NYSE:HUBB opened at $442.59 on Thursday. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $481.35. The company has a market capitalization of $23.52 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. The company has a 50-day simple moving average of $429.76 and a 200 day simple moving average of $387.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Sell-side analysts forecast that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell’s dividend payout ratio (DPR) is 34.29%.

Hubbell Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.