WESPAC Advisors SoCal LLC Acquires 1,148 Shares of Hubbell Inc $HUBB

WESPAC Advisors SoCal LLC grew its holdings in Hubbell Inc (NYSE:HUBB) by 40.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,019 shares of the industrial products company’s stock after acquiring an additional 1,148 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Hubbell were worth $1,972,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HUBB. Wellington Management Group LLP boosted its holdings in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock worth $1,116,773,000 after purchasing an additional 1,468,701 shares in the last quarter. State Street Corp raised its holdings in Hubbell by 1.8% during the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after buying an additional 40,623 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hubbell by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,376,000 shares of the industrial products company’s stock valued at $608,704,000 after buying an additional 10,898 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hubbell by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock worth $539,257,000 after buying an additional 60,071 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Hubbell by 0.8% in the fourth quarter. Deutsche Bank AG now owns 1,142,410 shares of the industrial products company’s stock worth $507,356,000 after buying an additional 9,202 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $524.49 on Friday. The business has a 50 day moving average price of $502.16 and a 200 day moving average price of $487.78. Hubbell Inc has a twelve month low of $385.91 and a twelve month high of $565.50. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.64 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results 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 return on equity of 27.09% and a net margin of 15.10%.The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business posted $3.50 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Research analysts predict that Hubbell Inc will post 19.84 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.68 dividend on an annualized basis and a yield of 1.1%. Hubbell’s payout ratio is 33.55%.

Analyst Ratings Changes

A number of brokerages have recently commented on HUBB. Wells Fargo & Company increased their price objective on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Stephens lifted their price target on shares of Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Morgan Stanley boosted their price objective on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and an average price target of $554.38.

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.