Wealth Management Nebraska Invests $245,000 in Hubbell Inc $HUBB

Wealth Management Nebraska acquired a new position in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 602 shares of the industrial products company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HUBB. NBC Securities Inc. acquired a new position in Hubbell in the first quarter valued at approximately $49,000. UMB Bank n.a. boosted its holdings in Hubbell by 21.1% in the first quarter. UMB Bank n.a. now owns 322 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 56 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Hubbell by 360.0% in the first quarter. Farther Finance Advisors LLC now owns 460 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Hubbell by 58.7% in the first quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 215 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Hubbell by 58.9% in the first quarter. SG Americas Securities LLC now owns 2,134 shares of the industrial products company’s stock valued at $706,000 after purchasing an additional 791 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HUBB shares. Stephens reaffirmed an “overweight” rating and issued a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Barclays boosted their price objective on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Wall Street Zen upgraded Hubbell from a “buy” rating to a “strong-buy” rating in a research note on Friday. Wells Fargo & Company upgraded Hubbell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a research note on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.63.

Hubbell Price Performance

Hubbell stock opened at $413.16 on Tuesday. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. The business has a 50 day simple moving average of $432.36 and a 200-day simple moving average of $398.07. The stock has a market capitalization of $21.96 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

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

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $1.32 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.28 annualized dividend and a yield of 1.3%. Hubbell’s dividend payout ratio is presently 34.29%.

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.