Hubbell Inc (NYSE:HUBB) Sees Large Drop in Short Interest

Hubbell Inc (NYSE:HUBB) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,536,894 shares, a decrease of 14.7% from the January 15th total of 2,973,464 shares. Approximately 4.8% of the shares of the company are sold short. Based on an average trading volume of 516,599 shares, the days-to-cover ratio is currently 4.9 days. Based on an average trading volume of 516,599 shares, the days-to-cover ratio is currently 4.9 days. Approximately 4.8% of the shares of the company are sold short.

Insider Activity

In other Hubbell news, 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 completion of the sale, the vice president owned 2,769 shares of the company’s stock, valued at $1,386,161.40. The trade was a 44.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the sale, the chief executive officer directly owned 64,420 shares in the company, valued at $32,143,647.40. This represents a 28.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,088 shares of company stock valued at $16,045,173. 0.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Hubbell

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Hubbell by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company’s stock worth $2,714,669,000 after purchasing an additional 21,508 shares in the last quarter. State Street Corp lifted its holdings in Hubbell by 1.8% during the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after purchasing an additional 40,623 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Hubbell by 15.9% during 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 during the period. Invesco Ltd. raised its holdings in Hubbell by 0.6% during the second quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company’s stock valued at $625,698,000 after acquiring an additional 9,697 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Hubbell by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock worth $608,704,000 after acquiring an additional 10,898 shares during the period. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBB. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Morgan Stanley set a $515.00 price target on Hubbell in a research note on Wednesday, January 7th. UBS Group restated a “neutral” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, December 12th. Barclays raised their price objective on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and a consensus price target of $529.75.

Hubbell Stock Down 0.0%

HUBB stock traded down $0.19 during trading on Tuesday, hitting $523.93. 376,749 shares of the stock traded hands, compared to its average volume of 626,627. 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 stock has a market cap of $27.85 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. Hubbell has a 1 year low of $299.42 and a 1 year high of $533.80. The firm’s 50 day moving average is $475.33 and its two-hundred day moving average is $448.86.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. On average, sell-side analysts anticipate that Hubbell will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Hubbell’s dividend payout ratio is presently 34.07%.

Hubbell Company 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.