Thrivent Financial for Lutherans Has $1.78 Million Stake in Hubbell Inc $HUBB

Thrivent Financial for Lutherans decreased its position in Hubbell Inc (NYSE:HUBB) by 22.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,002 shares of the industrial products company’s stock after selling 1,154 shares during the period. Thrivent Financial for Lutherans’ holdings in Hubbell were worth $1,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBB. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares during the period. NBT Bank N A NY acquired a new position in Hubbell in the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in Hubbell by 141.4% in the 3rd 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 period. Baillie Gifford & Co. boosted its stake in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HUBB shares. JPMorgan Chase & Co. increased their target price on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley increased their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Barclays increased their target price on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Evercore increased their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Stephens increased their target price 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 analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

Hubbell Stock Up 1.5%

Hubbell stock opened at $485.05 on Thursday. The company has a market capitalization of $25.79 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.41 and a beta of 0.95. The firm’s fifty day simple moving average is $503.85 and its 200-day simple moving average is $481.75. 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 1-year low of $374.68 and a 1-year high of $565.50.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.06. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. Hubbell’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts forecast that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

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.