Generali Asset Management SPA SGR Sells 77 Shares of Hubbell Inc $HUBB

Generali Asset Management SPA SGR trimmed its position in Hubbell Inc (NYSE:HUBB) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,410 shares of the industrial products company’s stock after selling 77 shares during the period. Generali Asset Management SPA SGR’s holdings in Hubbell were worth $2,209,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Hubbell in the second quarter valued at about $29,000. Tsfg LLC acquired a new stake in shares of Hubbell in the first quarter valued at about $30,000. Ransom Advisory Ltd acquired a new stake in shares of Hubbell in the first quarter valued at about $53,000. Groupe la Francaise acquired a new stake in shares of Hubbell in the first quarter valued at about $57,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Hubbell in the first quarter valued at about $66,000. 88.16% of the stock is currently owned by institutional investors.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $428.77 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The stock has a 50 day moving average of $431.18 and a 200-day moving average of $401.64. The company has a market capitalization of $22.78 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.42 and a beta of 0.96.

Hubbell (NYSE:HUBB) last issued its 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities research analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $1.32 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Hubbell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Stephens reaffirmed an “overweight” rating and issued a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. Barclays lifted their target price on Hubbell from $420.00 to $431.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

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.