Jefferies Financial Group Inc. Takes $1.58 Million Position in Hubbell Inc $HUBB

Jefferies Financial Group Inc. purchased a new stake in shares of Hubbell Inc (NYSE:HUBB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,019 shares of the industrial products company’s stock, valued at approximately $1,580,000.

A number of other institutional investors have also recently bought and sold shares of HUBB. Pinnacle Bancorp Inc. boosted its holdings in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 33 shares during the period. Raiffeisen Bank International AG lifted its position in Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Hubbell during the 1st quarter valued at $33,000. DV Equities LLC acquired a new position in shares of Hubbell in the fourth quarter worth $33,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Hubbell during the third quarter valued at $33,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by corporate insiders.

Hubbell Stock Down 2.2%

Shares of HUBB stock opened at $459.86 on Friday. Hubbell Inc has a 12 month low of $403.82 and a 12 month high of $565.50. The firm has a market cap of $24.30 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.90. The stock has a 50 day moving average of $491.58 and a 200-day moving average of $497.43. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $4.93 earnings per share. Hubbell’s quarterly revenue was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts predict that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird began coverage on Hubbell in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Stephens lifted their target price on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Finally, Barclays upped their price objective on shares of Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $553.89.

About Hubbell

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.