Night Squared LP Makes New Investment in Hubbell Inc $HUBB

Night Squared LP acquired a new stake in Hubbell Inc (NYSE:HUBB) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,396 shares of the industrial products company’s stock, valued at approximately $1,952,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BSW Wealth Partners lifted its position in Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 22 shares during the last quarter. GAMMA Investing LLC lifted its position in Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after purchasing an additional 23 shares during the last quarter. Ballentine Partners LLC lifted its position in Hubbell by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 24 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the last quarter. Finally, Quest Investment Management LLC lifted its position in Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of Hubbell stock opened at $503.06 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. The company has a market cap of $26.58 billion, a PE ratio of 29.71, a P/E/G ratio of 2.47 and a beta of 0.91. The business has a 50 day moving average of $501.47 and a 200 day moving average of $486.30. Hubbell Inc has a 52 week low of $385.91 and a 52 week high of $565.50.

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

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Wall Street Zen downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. UBS Group reiterated a “neutral” rating and issued a $515.00 price objective on shares of Hubbell in a research report on Tuesday. Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company upped their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $554.38.

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.