Groupama Asset Managment Grows Stake in Hubbell Inc $HUBB

Key Points

• Groupama Asset Managment increased its holdings in Hubbell Inc by 16.9% during the first quarter, bringing their total stake to a value of $4.20 million.
• Hubbell recently reported $4.93 EPS for the last quarter, exceeding analysts' expectations, and set its FY 2025 guidance at 17.650-18.15 EPS.
• The company announced a quarterly dividend of $1.32, with a scheduled payment date on September 15th and an annual yield of 1.2%.

Groupama Asset Managment boosted its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,660 shares of the industrial products company's stock after acquiring an additional 1,828 shares during the period. Groupama Asset Managment's holdings in Hubbell were worth $4,203,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HUBB. United Capital Financial Advisors LLC lifted its stake in shares of Hubbell by 11.9% during the 4th 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 in the last quarter. Commerce Bank grew its holdings in shares of 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 purchasing an additional 122 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of 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 purchasing an additional 1,967 shares in the last quarter. Norinchukin Bank The raised its position in shares of Hubbell by 3.4% during the 4th 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 in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Hubbell by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 14,203 shares of the industrial products company's stock valued at $5,949,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company's stock.

Wall Street Analysts Forecast Growth

HUBB has been the subject of a number of analyst reports. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 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. Wells Fargo & Company raised their target price on shares of Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Hubbell presently has a consensus rating of "Hold" and an average target price of $462.29.

Hubbell Stock Down 0.7%

NYSE HUBB traded down $2.95 on Monday, hitting $437.90. The stock had a trading volume of 91,961 shares, compared to its average volume of 624,902. The business's fifty day moving average price is $420.53 and its 200 day moving average price is $383.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $481.35. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.47 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 the consensus estimate of $4.36 by $0.57. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Equities research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $1.32 dividend. 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 is 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.