Moore Capital Management LP Makes New $14.61 Million Investment in Hubbell Inc $HUBB

Moore Capital Management LP purchased a new position in Hubbell Inc (NYSE:HUBB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,950 shares of the industrial products company’s stock, valued at approximately $14,609,000.

Several other institutional investors and hedge funds have also made changes to their positions in HUBB. Boston Partners acquired a new stake in shares of Hubbell during the second quarter valued at $230,691,000. Troy Asset Management Ltd acquired a new position in Hubbell in the 2nd quarter valued at about $132,540,000. Bain Capital Public Equity Management II LLC purchased a new position in Hubbell in the 2nd quarter valued at about $132,286,000. Massachusetts Financial Services Co. MA lifted its holdings in Hubbell by 15.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company’s stock valued at $712,484,000 after purchasing an additional 226,856 shares in the last quarter. Finally, Merewether Investment Management LP acquired a new stake in shares of Hubbell during the 2nd quarter worth about $68,164,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Morgan Stanley upped their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a research report on Thursday, January 22nd. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a research note on Thursday, February 5th. Finally, Wells Fargo & Company boosted their price target on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $536.00.

Insider Transactions at Hubbell

In other Hubbell news, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president owned 14,913 shares of the company’s stock, valued at approximately $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the sale, the vice president directly owned 2,769 shares of the company’s stock, valued at approximately $1,386,161.40. This trade represents a 44.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,689 shares of company stock valued at $17,407,395. Corporate insiders own 0.76% of the company’s stock.

Hubbell Trading Up 1.2%

NYSE HUBB opened at $472.97 on Tuesday. The company has a market cap of $25.14 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.36 and a beta of 1.00. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The company has a 50-day moving average of $494.12 and a 200-day moving average of $457.77.

Hubbell (NYSE:HUBB) last released 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 business had revenue of $1.49 billion for 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 company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $4.10 earnings per share. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, February 27th. Hubbell’s dividend payout ratio is presently 34.07%.

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.