Goodman Advisory Group LLC Purchases Shares of 3,069 Hubbell Inc $HUBB

Goodman Advisory Group LLC bought a new stake in shares of Hubbell Inc (NYSE:HUBB) in the 1st quarter, HoldingsChannel.com reports. The firm bought 3,069 shares of the industrial products company’s stock, valued at approximately $1,506,000.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of 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 buying an additional 1,518 shares during the period. Empowered Funds LLC raised its position in Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company’s stock valued at $408,000 after buying an additional 196 shares during the period. Geneos Wealth Management Inc. raised its position in Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company’s stock valued at $70,000 after buying an additional 155 shares during the period. Acadian Asset Management LLC purchased a new stake in Hubbell in the 1st quarter worth about $599,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Hubbell by 31.1% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 3.5%

Hubbell stock opened at $517.20 on Friday. 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 1-year low of $402.04 and a 1-year high of $565.50. The firm’s fifty day simple moving average is $500.86 and its 200-day simple moving average is $490.95. The company has a market capitalization of $27.33 billion, a P/E ratio of 30.55, a P/E/G ratio of 2.61 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, topping analysts’ consensus estimates of $3.87 by $0.06. The firm had revenue of $1.52 billion during 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%. Hubbell’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts forecast that Hubbell Inc will post 19.84 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Hubbell’s dividend payout ratio is 33.55%.

Analyst Ratings Changes

HUBB has been the subject of a number of research reports. Weiss Ratings lowered Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Barclays increased their price target on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. UBS Group restated a “neutral” rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Morgan Stanley boosted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Stephens upped their price objective on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

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.