Hudson Bay Capital Management LP Decreases Holdings in Hubbell Inc $HUBB

Hudson Bay Capital Management LP reduced its position in Hubbell Inc (NYSE:HUBB) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,238 shares of the industrial products company’s stock after selling 2,875 shares during the period. Hudson Bay Capital Management LP’s holdings in Hubbell were worth $4,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Townsquare Capital LLC lifted its holdings in Hubbell by 0.8% in the third quarter. Townsquare Capital LLC now owns 2,817 shares of the industrial products company’s stock valued at $1,212,000 after acquiring an additional 22 shares during the period. Unique Wealth LLC grew its stake in shares of Hubbell by 2.6% during the 3rd quarter. Unique Wealth LLC now owns 897 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 23 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Hubbell by 2.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 24 shares during the period. Blue Trust Inc. increased its position in shares of Hubbell by 5.5% during the 3rd quarter. Blue Trust Inc. now owns 480 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 25 shares during the last quarter. Finally, Quest Investment Management LLC increased its position in shares of Hubbell by 1.3% during the 3rd quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Down 3.4%

Shares of NYSE:HUBB opened at $475.97 on Friday. The stock has a 50 day moving average of $494.97 and a 200 day moving average of $458.75. The company has a market cap of $25.30 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.10 EPS. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a dividend of $1.42 per share. The ex-dividend date was Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.2%. Hubbell’s payout ratio is 34.07%.

Insider Activity

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider directly owned 2,592 shares of the company’s stock, valued at $1,357,508.16. This trade represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the completion of the transaction, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. The trade was a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 34,689 shares of company stock worth $17,407,395. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $450.00 price objective on shares of Hubbell in a report on Friday, December 12th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday. Evercore increased their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Stephens reiterated an “overweight” rating and set a $550.00 price target on shares of Hubbell in a research note on Thursday, February 5th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $536.00.

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.