Numerai GP LLC Reduces Holdings in Hubbell Inc $HUBB

Numerai GP LLC trimmed its stake in shares of Hubbell Inc (NYSE:HUBB) by 59.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,481 shares of the industrial products company’s stock after selling 6,459 shares during the quarter. Numerai GP LLC’s holdings in Hubbell were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HUBB. Mariner LLC lifted its holdings in Hubbell by 43.8% in the 3rd quarter. Mariner LLC now owns 13,265 shares of the industrial products company’s stock worth $5,708,000 after buying an additional 4,040 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Hubbell during the third quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Hubbell by 0.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 5,507 shares of the industrial products company’s stock valued at $2,370,000 after buying an additional 44 shares during the period. Mindset Wealth Management LLC raised its holdings in shares of Hubbell by 2.7% during the third quarter. Mindset Wealth Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $763,000 after acquiring an additional 47 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Hubbell during the third quarter valued at approximately $162,309,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on HUBB shares. JPMorgan Chase & Co. upped their price objective on shares of Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Evercore boosted their price target on shares of Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $450.00 price target on shares of Hubbell in a research note on Friday, December 12th. Wells Fargo & Company raised their price objective on shares of Hubbell from $515.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Barclays increased their target price on Hubbell from $465.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average target price of $536.00.

Hubbell Trading Up 1.2%

Shares of NYSE HUBB opened at $472.97 on Tuesday. Hubbell Inc has a 1 year low of $299.42 and a 1 year high of $533.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.00. The firm has a 50-day moving average of $494.12 and a 200 day moving average of $457.77. The stock has a market cap of $25.14 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

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

Hubbell Dividend Announcement

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

Insider Activity

In other news, insider Mark Eugene Mikes sold 2,601 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the sale, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares of the company’s stock, valued at $7,540,012.80. This trade represents a 23.61% decrease in their position. 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 valued at $17,407,395. Company insiders own 0.76% of the company’s stock.

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.