Landscape Capital Management L.L.C. Takes Position in Hubbell Inc $HUBB

Key Points

• Landscape Capital Management L.L.C. acquired 1,133 shares of Hubbell Inc, valued at approximately $375,000, in the first quarter.
• Several analysts have increased their price targets for Hubbell, with JPMorgan raising it from $352.00 to $417.00, indicating a growing confidence in the company's prospects.
• Hubbell recently declared a quarterly dividend of $1.32 per share, reflecting an annualized rate of $5.28 and a yield of 1.2%.

Landscape Capital Management L.L.C. purchased a new position in Hubbell Inc (NYSE:HUBB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,133 shares of the industrial products company's stock, valued at approximately $375,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tsfg LLC purchased a new stake in shares of Hubbell during the first quarter worth about $30,000. NBC Securities Inc. purchased a new stake in shares of Hubbell during the first quarter worth about $49,000. CX Institutional purchased a new stake in shares of Hubbell during the first quarter worth about $49,000. Groupe la Francaise purchased a new stake in shares of Hubbell during the first quarter worth about $57,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Hubbell during the first quarter worth about $66,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HUBB shares. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $445.00 to $490.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $468.71.

Hubbell Price Performance

NYSE HUBB traded down $2.01 during trading on Wednesday, hitting $428.15. 344,547 shares of the stock traded hands, compared to its average volume of 413,249. The company has a market capitalization of $22.75 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The firm has a 50-day simple moving average of $426.96 and a 200-day simple moving average of $385.66. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, beating the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, analysts predict that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Hubbell's dividend payout ratio (DPR) is presently 34.29%.

Hubbell Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.