Campbell & CO Investment Adviser LLC Takes Position in Hubbell Inc $HUBB

Key Points

• Campbell & CO Investment Adviser LLC has acquired 20,047 shares of Hubbell Inc, valued at approximately $6.63 million, making it the 13th largest position in their portfolio.
• Hubbell's stock has seen significant investment increases from other institutional investors, with Teacher Retirement System of Texas raising its holdings by 1,462.9% in the first quarter.
• Analysts have raised their price targets for Hubbell, with a consensus target now at $462.29, and several firms rating it as a hold or buy.

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,047 shares of the industrial products company's stock, valued at approximately $6,634,000. Hubbell comprises approximately 0.5% of Campbell & CO Investment Adviser LLC's investment portfolio, making the stock its 13th biggest position.

Several other institutional investors have also recently modified their holdings of HUBB. Tsfg LLC bought a new position in shares of Hubbell during the 1st quarter valued at about $30,000. Johnson Financial Group Inc. increased its position in shares of Hubbell by 166.7% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 65 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Hubbell during the 1st quarter valued at about $49,000. CX Institutional bought a new position in shares of Hubbell during the 1st quarter valued at about $49,000. Finally, Groupe la Francaise bought a new position in shares of Hubbell during the 1st quarter valued at about $57,000. 88.16% of the stock is currently owned by institutional investors.

Hubbell Trading Up 1.0%

HUBB traded up $4.21 on Wednesday, hitting $446.73. 334,378 shares of the company were exchanged, compared to its average volume of 497,360. The firm has a fifty day simple moving average of $423.45 and a two-hundred day simple moving average of $384.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The stock has a market capitalization of $23.74 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99.

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

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HUBB shares. JPMorgan Chase & Co. increased their price objective on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Wells Fargo & Company raised their price target on Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Barclays raised their price target on Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Hubbell presently has an average rating of "Hold" and an average target price of $462.29.

About Hubbell

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.