First Hawaiian Bank Decreases Holdings in Hubbell Inc $HUBB

Key Points

• First Hawaiian Bank has reduced its holdings in Hubbell Inc by 16%, now owning 3,180 shares valued at approximately $1.05 million as of the latest reporting period.
• Hubbell's quarterly earnings exceeded analysts' expectations, reporting $4.93 per share against a consensus estimate of $4.36, with anticipated total earnings for FY 2025 set between 17.650 and 18.15 EPS.
• The firm has declared a quarterly dividend of $1.32 per share, resulting in an annualized yield of 1.2%, with a payout ratio of 34.29%.

First Hawaiian Bank reduced its position in Hubbell Inc (NYSE:HUBB - Free Report) by 16.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,180 shares of the industrial products company's stock after selling 604 shares during the quarter. First Hawaiian Bank's holdings in Hubbell were worth $1,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tsfg LLC purchased a new position in Hubbell during the 1st quarter worth $30,000. NBC Securities Inc. acquired a new stake in Hubbell in 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. Ransom Advisory Ltd purchased a new stake in shares of Hubbell during the first quarter worth about $53,000. Finally, Groupe la Francaise acquired a new position in shares of Hubbell during the first quarter valued at about $57,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on HUBB. Barclays lifted their target price on shares of Hubbell from $420.00 to $431.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Finally, Stephens reaffirmed an "overweight" rating and set a $500.00 target price on shares of Hubbell in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $472.63.

Hubbell Price Performance

Shares of NYSE HUBB opened at $437.42 on Friday. 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 has a market capitalization of $23.24 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.52 and a beta of 0.99. The firm's 50 day simple moving average is $430.95 and its 200-day simple moving average is $388.44. 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 announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.36 by $0.57. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given 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 yield of 1.2%. Hubbell's dividend payout ratio is currently 34.29%.

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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