NEOS Investment Management LLC Grows Stock Holdings in Hubbell Inc $HUBB

NEOS Investment Management LLC lifted its position in Hubbell Inc (NYSE:HUBB) by 26.2% during the third quarter, Holdings Channel reports. The institutional investor owned 14,126 shares of the industrial products company’s stock after buying an additional 2,933 shares during the quarter. NEOS Investment Management LLC’s holdings in Hubbell were worth $6,079,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HUBB. Hantz Financial Services Inc. grew its holdings in Hubbell by 141.4% in the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Hubbell by 400.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 68 shares in the last quarter. Mather Group LLC. purchased a new position in Hubbell during the 3rd quarter worth $37,000. Root Financial Partners LLC acquired a new position in Hubbell during the 3rd quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. raised its stake in Hubbell by 278.1% in the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after buying an additional 89 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Insider Activity

In other news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president owned 2,769 shares in the company, valued at $1,386,161.40. This represents a 44.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,088 shares of company stock valued at $16,045,173 in the last quarter. 0.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HUBB has been the topic of a number of research analyst reports. Morgan Stanley set a $515.00 price target on Hubbell in a research note on Wednesday, January 7th. Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Stephens restated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. UBS Group reiterated a “neutral” rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Finally, Barclays upped their target price on Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $529.75.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $522.02 on Thursday. The company has a 50 day simple moving average of $476.80 and a two-hundred day simple moving average of $449.37. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.65 and a beta of 1.02. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

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.