Bancreek Capital Management LP Trims Position in Hubbell Inc $HUBB

Bancreek Capital Management LP reduced its stake in shares of Hubbell Inc (NYSE:HUBB) by 44.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,986 shares of the industrial products company’s stock after selling 4,773 shares during the quarter. Hubbell comprises 11.1% of Bancreek Capital Management LP’s portfolio, making the stock its 4th biggest holding. Bancreek Capital Management LP’s holdings in Hubbell were worth $2,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BSW Wealth Partners grew its stake in shares of Hubbell by 2.9% during the fourth quarter. BSW Wealth Partners now owns 769 shares of the industrial products company’s stock valued at $341,000 after buying an additional 22 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Hubbell by 2.2% during the fourth quarter. GAMMA Investing LLC now owns 1,065 shares of the industrial products company’s stock valued at $473,000 after buying an additional 23 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Hubbell by 1.9% during the fourth quarter. Ballentine Partners LLC now owns 1,288 shares of the industrial products company’s stock valued at $572,000 after buying an additional 24 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Hubbell by 2.0% during the second quarter. Benjamin Edwards Inc. now owns 1,237 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 24 shares during the period. Finally, Quest Investment Management LLC boosted its holdings in shares of Hubbell by 1.3% during the third quarter. Quest Investment Management LLC now owns 1,895 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 25 shares during the period. 88.16% of the stock is owned by institutional investors.

Hubbell Stock Performance

Hubbell stock opened at $485.58 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Hubbell Inc has a 1-year low of $380.86 and a 1-year high of $565.50. The firm has a 50-day moving average of $503.16 and a 200-day moving average of $482.53. The firm has a market cap of $25.66 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.42 and a beta of 0.91.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.87 by $0.06. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $3.50 earnings per share. Hubbell’s quarterly revenue was up 11.1% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Sell-side analysts expect that Hubbell Inc will post 19.84 EPS for the current year.

Hubbell Dividend Announcement

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

Analyst Upgrades and Downgrades

HUBB has been the subject of a number of analyst reports. Stephens increased their target price on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Evercore increased their target price on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Barclays increased their target price 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. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Mizuho set a $575.00 target price on shares of Hubbell in a report on Wednesday, February 4th. Five 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 has a consensus rating of “Moderate Buy” and a consensus target price of $546.25.

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.