North Dakota State Investment Board Buys Shares of 1,835 Hubbell Inc $HUBB

North Dakota State Investment Board bought a new stake in shares of Hubbell Inc (NYSE:HUBB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,835 shares of the industrial products company’s stock, valued at approximately $815,000.

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

Analyst Upgrades and Downgrades

HUBB has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Stephens upped their price objective on Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Mizuho set a $575.00 price objective on Hubbell in a research note on Wednesday, February 4th. Finally, Evercore upped their price objective on Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $546.25.

Hubbell Trading Up 0.2%

Shares of Hubbell stock opened at $462.51 on Thursday. The company has a market capitalization of $24.59 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.33 and a beta of 0.95. 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 fifty day moving average of $503.72 and a 200 day moving average of $481.44. Hubbell Inc has a fifty-two week low of $374.68 and a fifty-two week high of $565.50.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 earnings per share for the quarter, topping the consensus estimate 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 net margin of 15.10% and a return on equity of 27.09%. Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. On average, sell-side analysts anticipate that Hubbell Inc will post 19.83 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell’s dividend payout ratio is currently 33.55%.

Hubbell Company 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.