Cinctive Capital Management LP Increases Stake in Hubbell Inc $HUBB

Key Points

• Cinctive Capital Management LP boosted its stake by 562.2% in Hubbell during Q3, acquiring an additional 4,953 shares to hold 5,834 shares worth about $2.51 million.
• Institutional investors own 88.16% of Hubbell, with Vanguard, State Street, Massachusetts Financial Services, Invesco and Wellington holding the largest positions.
• Analysts have a consensus rating of "Moderate Buy" with an average target of $536, and Hubbell slightly beat quarterly EPS expectations while setting FY2026 guidance of $19.150–$19.850 per share.

Cinctive Capital Management LP boosted its position in Hubbell Inc (NYSE:HUBB - Free Report) by 562.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,834 shares of the industrial products company's stock after acquiring an additional 4,953 shares during the period. Cinctive Capital Management LP's holdings in Hubbell were worth $2,510,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Hubbell by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,646,922 shares of the industrial products company's stock worth $2,714,669,000 after purchasing an additional 21,508 shares during the period. State Street Corp raised its position in shares of Hubbell by 1.2% in the second quarter. State Street Corp now owns 2,183,405 shares of the industrial products company's stock valued at $891,724,000 after purchasing an additional 26,708 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Hubbell by 15.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company's stock valued at $712,484,000 after purchasing an additional 226,856 shares during the period. Invesco Ltd. lifted its stake in shares of Hubbell by 0.6% during the 2nd quarter. Invesco Ltd. now owns 1,532,035 shares of the industrial products company's stock valued at $625,698,000 after buying an additional 9,697 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Hubbell by 18.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,045,931 shares of the industrial products company's stock worth $450,075,000 after buying an additional 163,626 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HUBB shares. Stephens reiterated an "overweight" rating and issued a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Morgan Stanley raised their price target on Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 11th. Barclays lifted their price target on Hubbell from $465.00 to $481.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 4th. Finally, UBS Group reiterated a "neutral" rating and set a $450.00 price objective on shares of Hubbell in a research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hubbell has a consensus rating of "Moderate Buy" and an average target price of $536.00.

Hubbell Trading Up 1.2%

Shares of HUBB stock opened at $472.97 on Tuesday. The firm has a market cap of $25.14 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The business has a 50-day moving average price of $494.12 and a two-hundred day moving average price of $457.77. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $0.03. Hubbell had a return on equity of 27.45% and a net margin of 15.29%.The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the firm earned $4.10 earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Equities analysts anticipate that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, February 27th. Hubbell's dividend payout ratio is presently 34.07%.

Insider Activity at Hubbell

In other news, CEO Gerben Bakker sold 25,233 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the completion of the transaction, the chief executive officer owned 64,420 shares of the company's stock, valued at approximately $32,143,647.40. This represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president directly owned 2,769 shares of the company's stock, valued at $1,386,161.40. This represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,689 shares of company stock valued at $17,407,395. 0.76% of the stock is currently owned by corporate insiders.

Hubbell Profile

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.

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