Daiwa Securities Group Inc. Boosts Stake in Hubbell Inc $HUBB

Daiwa Securities Group Inc. lifted its holdings in Hubbell Inc (NYSE:HUBB) by 10.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,599 shares of the industrial products company’s stock after purchasing an additional 3,837 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Hubbell were worth $18,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HUBB. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new stake in Hubbell during the fourth quarter worth $27,000. Hantz Financial Services Inc. boosted its position in Hubbell by 141.4% during the third quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Baillie Gifford & Co. boosted its position in Hubbell by 62.8% during the fourth quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in Hubbell by 630.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 63 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Down 1.8%

Shares of NYSE:HUBB opened at $476.37 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 52-week low of $380.86 and a 52-week high of $565.50. The stock’s fifty day simple moving average is $502.20 and its 200-day simple moving average is $482.85. The company has a market capitalization of $25.17 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.45 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.06. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $3.50 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities research analysts forecast that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s payout ratio is currently 33.55%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research analyst reports. Stephens boosted their target price on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Barclays boosted their target price on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their target price on Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. Five research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $546.25.

About Hubbell

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.