Caxton Associates LLP Acquires Shares of 4,034 Hubbell Inc $HUBB

Caxton Associates LLP acquired a new stake in Hubbell Inc (NYSE:HUBB) during the 1st quarter, HoldingsChannel reports. The firm acquired 4,034 shares of the industrial products company’s stock, valued at approximately $1,335,000.

Several other large investors have also recently added to or reduced their stakes in HUBB. Balyasny Asset Management L.P. increased its stake in Hubbell by 64.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,442 shares of the industrial products company’s stock valued at $604,000 after buying an additional 563 shares during the period. Captrust Financial Advisors increased its stake in Hubbell by 20.0% in the 4th quarter. Captrust Financial Advisors now owns 4,743 shares of the industrial products company’s stock valued at $1,987,000 after buying an additional 792 shares during the period. Cetera Investment Advisers increased its stake in Hubbell by 23.3% in the 4th quarter. Cetera Investment Advisers now owns 8,658 shares of the industrial products company’s stock valued at $3,627,000 after buying an additional 1,635 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Hubbell by 551.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,985 shares of the industrial products company’s stock valued at $1,250,000 after buying an additional 2,527 shares during the period. Finally, Fiduciary Trust Co acquired a new position in Hubbell in the 4th quarter valued at approximately $246,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

NYSE HUBB opened at $436.88 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $429.21 and a 200 day simple moving average of $386.96. The company has a market cap of $23.22 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.44 and a beta of 0.99. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $481.35.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. On average, sell-side analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Hubbell’s dividend payout ratio is currently 34.29%.

Analysts Set New Price Targets

Several brokerages have recently commented on HUBB. Wells Fargo & Company upgraded shares of Hubbell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Barclays increased their price target on shares of Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $352.00 to $417.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hubbell has an average rating of “Hold” and an average target price of $468.71.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.