American Century Companies Inc. Has $47.31 Million Stock Holdings in Hubbell Inc $HUBB

Key Points

• American Century Companies Inc. increased its holdings in Hubbell Inc. by 0.5%, acquiring 710 shares and bringing its total to approximately $47.31 million worth of stock.
• Hubbell recently announced a quarterly dividend of $1.32 per share, which is set to be paid on September 15th, representing an annual dividend of $5.28 and a yield of 1.2%.
• The company reported a Q2 EPS of $4.93, surpassing analyst expectations, and set guidance for FY 2025 earnings between $17.650 and $18.15 per share.

American Century Companies Inc. increased its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,966 shares of the industrial products company's stock after acquiring an additional 710 shares during the quarter. American Century Companies Inc. owned about 0.27% of Hubbell worth $47,309,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HUBB. United Capital Financial Advisors LLC lifted its stake in Hubbell by 11.9% in the fourth quarter. United Capital Financial Advisors LLC now owns 566 shares of the industrial products company's stock valued at $237,000 after buying an additional 60 shares during the period. Commerce Bank lifted its stake in Hubbell by 3.4% in the fourth quarter. Commerce Bank now owns 3,759 shares of the industrial products company's stock valued at $1,575,000 after buying an additional 122 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Hubbell by 81.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,395 shares of the industrial products company's stock valued at $1,841,000 after buying an additional 1,967 shares during the period. Norinchukin Bank The lifted its stake in Hubbell by 3.4% in the fourth quarter. Norinchukin Bank The now owns 2,137 shares of the industrial products company's stock valued at $895,000 after buying an additional 70 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in Hubbell by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 14,203 shares of the industrial products company's stock valued at $5,949,000 after buying an additional 246 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Trading Up 0.0%

NYSE HUBB opened at $432.3960 on Wednesday. The firm has a market cap of $22.98 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. The stock's 50-day moving average is $417.80 and its 200-day moving average is $382.66. Hubbell Inc has a one year low of $299.42 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $4.36 by $0.57. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

HUBB has been the topic of several analyst reports. Barclays increased their target price on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen raised Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. increased their target price on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, 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. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.

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