Heartland Advisors Inc. Buys Shares of 15,626 Hubbell Inc $HUBB

Key Points

• Heartland Advisors initiated a Hubbell position by purchasing 15,626 shares worth approximately $8.2 million. Institutional investors collectively own 88.16% of Hubbell’s stock.
• Hubbell reported quarterly EPS of $5.52, exceeding estimates of $5.39, while revenue rose 15.3% year over year to $1.71 billion. The company projects fiscal 2026 EPS of $20.25–$20.55.
• Hubbell declared a quarterly dividend of $1.42, equivalent to $5.68 annually and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $553.89.

Heartland Advisors Inc. purchased a new position in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,626 shares of the industrial products company's stock, valued at approximately $8,176,000.

Several other institutional investors and hedge funds also recently modified their holdings of HUBB. DNB Asset Management AS increased its stake in Hubbell by 4.9% during the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company's stock valued at $17,260,000 after buying an additional 1,832 shares during the period. Swedbank AB raised its position in shares of Hubbell by 19.2% during the 1st quarter. Swedbank AB now owns 32,380 shares of the industrial products company's stock worth $15,890,000 after buying an additional 5,218 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Hubbell by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 205,775 shares of the industrial products company's stock worth $91,396,000 after acquiring an additional 7,100 shares during the period. Vest Financial LLC acquired a new stake in shares of Hubbell in the 4th quarter worth approximately $1,589,000. Finally, Troy Asset Management Ltd boosted its holdings in shares of Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company's stock valued at $244,980,000 after acquiring an additional 208,327 shares in the last quarter. Institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

NYSE:HUBB opened at $470.69 on Friday. Hubbell Inc has a twelve month low of $403.82 and a twelve month high of $565.50. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $495.92 and a 200-day moving average of $498.43. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90.

Hubbell (NYSE:HUBB - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, topping analysts' consensus estimates of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $4.93 EPS. The business's revenue for the quarter was up 15.3% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Analysts forecast that Hubbell Inc will post 20.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell's payout ratio is 33.63%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of Hubbell from $481.00 to $503.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Robert W. Baird started coverage on Hubbell in a research report on Thursday. They issued an "outperform" rating and a $550.00 target price for the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Hubbell in a research note on Wednesday, July 29th. Weiss Ratings cut Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 14th. Finally, Stephens boosted their price objective on Hubbell from $550.00 to $600.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $553.89.

Insider Activity

In other Hubbell news, VP Nero Jonathan M. Del sold 547 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the transaction, the vice president owned 2,933 shares of the company's stock, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company's stock.

Hubbell Company 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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