Jefferies Financial Group Inc. Acquires Shares of 5,044 Hubbell Inc $HUBB

Jefferies Financial Group Inc. acquired a new stake in shares of Hubbell Inc (NYSE:HUBB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,044 shares of the industrial products company’s stock, valued at approximately $2,240,000.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new stake in Hubbell during the 4th quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its holdings in Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 27 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in shares of Hubbell by 630.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 63 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HUBB. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Barclays increased their target price on Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley increased their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Stephens increased their target price on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average price target of $546.25.

Hubbell Stock Up 0.4%

NYSE HUBB opened at $476.95 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. The company has a market capitalization of $25.36 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.39 and a beta of 0.95. Hubbell Inc has a one year low of $374.68 and a one year high of $565.50. The stock has a 50 day moving average price of $503.61 and a 200-day moving average price of $481.59.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results 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 company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.Hubbell’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. As a group, equities analysts predict that Hubbell Inc will post 19.83 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.42 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.

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.