Ramirez Asset Management Inc. Has $383,000 Holdings in Hubbell Inc $HUBB

Ramirez Asset Management Inc. lifted its holdings in Hubbell Inc (NYSE:HUBB) by 37.3% in the 2nd quarter, Holdings Channel reports. The firm owned 938 shares of the industrial products company’s stock after buying an additional 255 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Hubbell were worth $383,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in Hubbell in the 2nd quarter worth $29,000. Tsfg LLC bought a new position in Hubbell in the 1st quarter worth $30,000. CX Institutional bought a new position in Hubbell in the 1st quarter worth $49,000. NBC Securities Inc. bought a new position in Hubbell in the 1st quarter worth $49,000. Finally, Ransom Advisory Ltd bought a new position in Hubbell in the 1st quarter worth $53,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Down 0.2%

Shares of HUBB opened at $418.76 on Friday. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $481.35. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $22.25 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.35 and a beta of 0.96. The stock’s 50-day moving average price is $431.33 and its 200 day moving average price is $398.80.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, research analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell’s dividend payout ratio is 34.29%.

Analyst Ratings Changes

Several brokerages recently commented on HUBB. Barclays lifted their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Wells Fargo & Company upgraded shares of Hubbell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $445.00 to $490.00 in a report on Tuesday, September 2nd. Stephens reiterated an “overweight” rating and issued a $500.00 target price on shares of Hubbell in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hubbell in a research report on Wednesday. Finally, Wall Street Zen raised Hubbell from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $472.63.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.