LVM Capital Management Ltd. MI Acquires 478 Shares of Hubbell Inc $HUBB

LVM Capital Management Ltd. MI raised its holdings in shares of Hubbell Inc (NYSE:HUBB) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,973 shares of the industrial products company’s stock after purchasing an additional 478 shares during the period. Hubbell accounts for about 1.3% of LVM Capital Management Ltd. MI’s holdings, making the stock its 25th largest holding. LVM Capital Management Ltd. MI owned about 0.06% of Hubbell worth $12,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in Hubbell during the 2nd quarter valued at approximately $29,000. Tsfg LLC bought a new position in Hubbell during the 1st quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in Hubbell during the 1st quarter valued at approximately $49,000. CX Institutional bought a new position in Hubbell during the 1st quarter valued at approximately $49,000. Finally, Ransom Advisory Ltd bought a new position in Hubbell during the 1st quarter valued at approximately $53,000. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBB. Stephens reaffirmed an “overweight” rating and set a $500.00 price target on shares of Hubbell in a research report on Thursday. Wall Street Zen raised Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. increased their target price on Hubbell from $352.00 to $417.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.63.

Hubbell Stock Performance

Hubbell stock opened at $437.42 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $23.24 billion, a P/E ratio of 28.40, a PEG ratio of 2.52 and a beta of 0.99. The stock’s 50 day moving average is $430.95 and its 200 day moving average is $388.37. Hubbell Inc has a twelve month low of $299.42 and a twelve month high of $481.35.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, topping the consensus estimate of $4.36 by $0.57. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, equities research analysts predict that Hubbell Inc will post 17.63 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, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.32 per share. 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 currently 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.