Hubbell Sees Unusually High Options Volume (NYSE:HUBB)

Hubbell Inc (NYSE:HUBB) saw some unusual options trading activity on Tuesday. Stock traders bought 3,505 put options on the company. This represents an increase of 995% compared to the typical volume of 320 put options.

Hubbell Price Performance

HUBB stock traded up $12.47 during mid-day trading on Thursday, hitting $473.43. 875,087 shares of the stock were exchanged, compared to its average volume of 605,904. The business has a fifty day moving average price of $489.22 and a 200 day moving average price of $497.06. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.94. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.37 and a beta of 0.89.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts anticipate that Hubbell will post 20.4 EPS for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Stephens boosted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Barclays upped their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a research note on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $554.38.

Institutional Investors Weigh In On Hubbell

A number of hedge funds have recently made changes to their positions in the business. DNB Asset Management AS lifted its stake in shares of Hubbell by 4.9% in the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after acquiring an additional 1,832 shares during the last quarter. Perigon Wealth Management LLC grew its position in Hubbell by 32.4% during the 4th quarter. Perigon Wealth Management LLC now owns 16,600 shares of the industrial products company’s stock worth $7,372,000 after acquiring an additional 4,060 shares during the last quarter. Swedbank AB increased its stake in Hubbell by 19.2% in the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after purchasing an additional 5,218 shares during the period. Principal Financial Group Inc. increased its stake in Hubbell by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company’s stock worth $91,396,000 after purchasing an additional 7,100 shares during the period. Finally, Vest Financial LLC bought a new stake in Hubbell in the fourth quarter valued at approximately $1,589,000. 88.16% of the stock is currently owned by institutional investors.

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.