Dynamic Technology Lab Private Ltd Buys 3,761 Shares of Hubbell Inc $HUBB

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Hubbell Inc by 259.4%, now owning 5,211 shares valued at approximately $1.72 million.
• Hubbell reported earnings of $4.93 per share, surpassing analysts' expectations, along with a revenue of $1.48 billion for the last quarter.
• The company declared a quarterly dividend of $1.32 per share, with a dividend yield of 1.2% and a payout ratio of 34.29%.

Dynamic Technology Lab Private Ltd grew its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 259.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,211 shares of the industrial products company's stock after acquiring an additional 3,761 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Hubbell were worth $1,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBB. Nuveen LLC purchased a new position in Hubbell in the 1st quarter valued at $213,283,000. Adage Capital Partners GP L.L.C. raised its position in shares of Hubbell by 181.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 975,196 shares of the industrial products company's stock worth $322,702,000 after purchasing an additional 628,886 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Hubbell by 35.1% during the 1st quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company's stock worth $365,353,000 after purchasing an additional 287,047 shares during the last quarter. GAMMA Investing LLC increased its stake in Hubbell by 52,429.8% in the first quarter. GAMMA Investing LLC now owns 192,259 shares of the industrial products company's stock valued at $636,200,000 after purchasing an additional 191,893 shares during the last quarter. Finally, PointState Capital LP acquired a new position in shares of Hubbell in the 4th quarter valued at $78,443,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Price Performance

HUBB stock traded up $5.35 during trading on Wednesday, hitting $442.59. The company had a trading volume of 538,625 shares, compared to its average volume of 407,917. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The company has a fifty day moving average price of $429.76 and a two-hundred day moving average price of $387.35. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The company has a market cap of $23.52 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.45 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data 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. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The company 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. Equities research analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $1.32 per share. The ex-dividend date of this dividend 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 currently 34.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Barclays boosted their target price on shares of Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised 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, Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Hubbell has a consensus rating of "Hold" and a consensus price target of $468.71.

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.