9,861 Shares in Hubbell Inc $HUBB Acquired by JLB & Associates Inc.

JLB & Associates Inc. bought a new stake in shares of Hubbell Inc (NYSE:HUBB) in the second quarter, HoldingsChannel reports. The institutional investor bought 9,861 shares of the industrial products company’s stock, valued at approximately $5,159,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Hubbell by 171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 1,518 shares in the last quarter. Empowered Funds LLC lifted 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 purchasing an additional 196 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 155 shares during the period. Acadian Asset Management LLC bought a new stake in Hubbell during the first quarter valued at about $599,000. Finally, EverSource Wealth Advisors LLC increased its position 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 buying an additional 111 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUBB has been the topic of several recent research reports. Stephens raised their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Barclays boosted their price objective on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $515.00 price target on shares of Hubbell in a report on Tuesday, June 16th. Finally, Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $554.38.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is currently owned by company insiders.

Hubbell Price Performance

NYSE:HUBB opened at $484.45 on Wednesday. The business’s 50-day simple moving average is $495.82 and its two-hundred day simple moving average is $498.90. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The stock has a market cap of $25.59 billion, a PE ratio of 28.68, a P/E/G ratio of 2.51 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.39 by $0.13. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company posted $4.93 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, analysts forecast that Hubbell Inc will post 20.41 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.63%.

Hubbell 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.