Moore Capital Management LP Raises Stake in Hubbell Inc $HUBB

Moore Capital Management LP raised its position in Hubbell Inc (NYSE:HUBB) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,900 shares of the industrial products company’s stock after acquiring an additional 33,950 shares during the quarter. Moore Capital Management LP owned approximately 0.13% of Hubbell worth $30,155,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HUBB. Jones Financial Companies Lllp lifted its stake in Hubbell by 171.9% in the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 1,518 shares during the last quarter. Empowered Funds LLC lifted its stake in Hubbell by 18.9% in the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 196 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Hubbell by 271.9% in the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 155 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Hubbell in the first quarter worth approximately $599,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Hubbell by 31.1% in the second quarter. EverSource Wealth Advisors LLC now owns 468 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $515.00 price objective on shares of Hubbell in a report on Tuesday. Weiss Ratings cut shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Stephens raised their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Stock Up 1.2%

HUBB stock opened at $508.83 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a twelve month low of $385.91 and a twelve month high of $565.50. The company’s 50 day moving average is $501.65 and its two-hundred day moving average is $486.86. The stock has a market cap of $26.89 billion, a P/E ratio of 30.05, a PEG ratio of 2.53 and a beta of 0.91.

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

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Hubbell’s payout ratio is presently 33.55%.

Hubbell Company Profile

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.