Hubbell (NYSE:HUBB) Director John Malloy Acquires 435 Shares

Hubbell Inc (NYSE:HUBB) Director John Malloy bought 435 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the transaction, the director directly owned 19,085 shares of the company’s stock, valued at $8,192,045.40. The trade was a 2.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hubbell Trading Up 0.6%

Shares of HUBB stock traded up $2.40 during trading hours on Wednesday, hitting $419.68. The company had a trading volume of 395,162 shares, compared to its average volume of 602,281. The company’s fifty day moving average is $437.10 and its 200 day moving average is $419.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.76. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $484.26. The stock has a market capitalization of $22.30 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.19. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.54 billion. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.49 EPS. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. Research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $1.42 dividend. The ex-dividend date is Friday, November 28th. This represents a $5.68 annualized dividend and a dividend yield of 1.4%. This is a boost from Hubbell’s previous quarterly dividend of $1.32. Hubbell’s dividend payout ratio (DPR) is presently 35.24%.

Analyst Ratings Changes

A number of brokerages recently commented on HUBB. Stephens restated an “overweight” rating and set a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen raised shares of Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Hubbell in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Hubbell from $490.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Mizuho increased their target price on shares of Hubbell from $475.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $477.83.

Institutional Trading of Hubbell

Hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Hubbell during the first quarter worth $213,283,000. Adage Capital Partners GP L.L.C. grew its holdings in shares of Hubbell by 181.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company’s stock worth $322,702,000 after purchasing an additional 628,886 shares during the last quarter. Boston Partners acquired a new stake in shares of Hubbell during the second quarter worth about $230,691,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Hubbell in the 3rd quarter valued at about $162,309,000. Finally, Mirova US LLC purchased a new stake in shares of Hubbell in the 2nd quarter valued at about $139,386,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

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.