Hubbell Sees Unusually Large Options Volume (NYSE:HUBB)

Hubbell Inc (NYSE:HUBB) saw some unusual options trading activity on Wednesday. Stock traders bought 2,172 put options on the company. This represents an increase of approximately 870% compared to the typical volume of 224 put options.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a report on Wednesday, March 11th. Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings lowered shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company lifted their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, UBS Group reaffirmed a “neutral” rating and set a $515.00 price target on shares of Hubbell in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $554.38.

Hubbell Stock Up 2.7%

NYSE:HUBB traded up $13.41 during trading hours on Wednesday, hitting $516.06. The company’s stock had a trading volume of 120,404 shares, compared to its average volume of 600,206. The stock has a market capitalization of $27.27 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The stock has a fifty day moving average of $501.47 and a 200-day moving average of $486.30. 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 has a 52-week low of $385.91 and a 52-week high of $565.50.

Hubbell (NYSE:HUBB) last posted its earnings results on Thursday, April 30th. The industrial products company reported $3.93 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 firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. Hubbell’s revenue for the quarter was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, equities analysts forecast that Hubbell will post 19.84 earnings per share for the current year.

Hubbell Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. BSW Wealth Partners increased its holdings in Hubbell by 2.9% in the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after buying an additional 22 shares in the last quarter. GAMMA Investing LLC increased its holdings in Hubbell by 2.2% in the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after buying an additional 23 shares in the last quarter. Ballentine Partners LLC increased its holdings in Hubbell by 1.9% in the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after buying an additional 24 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Hubbell by 2.0% in the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after buying an additional 24 shares in the last quarter. Finally, Quest Investment Management LLC increased its holdings in Hubbell by 1.3% in the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after buying an additional 25 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

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.