one8zero8 LLC Makes New Investment in Hubbell Inc $HUBB

one8zero8 LLC purchased a new position in shares of Hubbell Inc (NYSE:HUBB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,000 shares of the industrial products company’s stock, valued at approximately $1,570,000.

A number of other hedge funds have also made changes to their positions in HUBB. Pinnacle Bancorp Inc. lifted its holdings in Hubbell by 165.0% in the 1st 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 last quarter. Raiffeisen Bank International AG grew its holdings in Hubbell by 83.3% during the fourth quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Hubbell in the first quarter valued at approximately $33,000. DV Equities LLC bought a new position in shares of Hubbell in the fourth quarter valued at approximately $33,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Hubbell in the third quarter worth $33,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Price Performance

Shares of Hubbell stock opened at $475.88 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The firm has a fifty day moving average price of $495.99 and a two-hundred day moving average price of $498.75. The company has a market cap of $25.14 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90.

Hubbell (NYSE:HUBB) last posted 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. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts expect that Hubbell Inc will post 20.41 EPS for the current year.

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HUBB. Weiss Ratings downgraded shares of Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Wall Street Zen cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company upped their price target on shares of Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stephens raised their price target on Hubbell from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.38.

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.

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.