Hubbell Inc $HUBB Stock: Willis Investment Counsel Grows Position

Willis Investment Counsel lifted its holdings in shares of Hubbell Inc (NYSE:HUBB) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,199 shares of the industrial products company’s stock after acquiring an additional 2,476 shares during the period. Willis Investment Counsel owned 0.07% of Hubbell worth $15,966,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Hubbell during the 2nd quarter worth $2,455,986,000. Bank of New York Mellon Corp purchased a new position in shares of Hubbell during the second quarter worth about $783,142,000. Deutsche Bank AG acquired a new stake in shares of Hubbell during the second quarter worth about $610,053,000. Bank of America Corp DE acquired a new stake in shares of Hubbell during the second quarter worth about $204,918,000. Finally, Man Group plc acquired a new stake in shares of Hubbell during the second quarter worth about $179,698,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company assumed coverage on Hubbell in a research report on Thursday, September 24th. They set an “equal weight” rating and a $531.00 price target on the stock. Seaport Research Partners reissued a “buy” rating and issued a $580.00 price objective on shares of Hubbell in a report on Wednesday, September 30th. Mizuho lowered their target price on shares of Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley set a $600.00 price target on shares of Hubbell in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $552.67.

Insider Activity at Hubbell

In other news, VP Jonathan Del Nero sold 547 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.

Hubbell Stock Performance

Hubbell stock traded down $5.50 during mid-day trading on Tuesday, reaching $459.42. 227,360 shares of the company were exchanged, compared to its average volume of 570,964. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The firm’s 50-day simple moving average is $468.15 and its two-hundred day simple moving average is $488.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a market cap of $24.27 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.30 and a beta of 0.85.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $4.93 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities analysts predict that Hubbell Inc will post 20.50 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 31st. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Hubbell Company Profile

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.