Mn Services Vermogensbeheer B.V. Grows Stock Position in Hubbell Inc $HUBB

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in Hubbell Inc by 6.2%, now owning 20,600 shares valued at approximately $8.41 million.
• Hubbell reported $4.93 earnings per share (EPS) for the last quarter, exceeding analysts’ expectations of $4.36, with a revenue of $1.48 billion.
• The company declared a quarterly dividend of $1.32 per share, reflecting an annualized payout of $5.28 and a yield of 1.2%.

Mn Services Vermogensbeheer B.V. raised its position in Hubbell Inc (NYSE:HUBB - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,600 shares of the industrial products company's stock after acquiring an additional 1,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Hubbell were worth $8,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of HUBB. Central Pacific Bank Trust Division purchased a new position in shares of Hubbell in the second quarter worth about $29,000. Tsfg LLC acquired a new stake in Hubbell in the first quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in Hubbell in the 1st quarter worth $49,000. CX Institutional acquired a new position in shares of Hubbell during the 1st quarter worth about $49,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Hubbell in the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of NYSE HUBB traded down $3.80 during trading hours on Monday, reaching $437.64. The stock had a trading volume of 433,839 shares, compared to its average volume of 611,379. The firm has a market cap of $23.26 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.47 and a beta of 0.99. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The firm has a 50-day moving average of $432.99 and a 200-day moving average of $391.46. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share for the quarter, beating the consensus estimate of $4.36 by $0.57. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. Equities research analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Hubbell's dividend payout ratio is presently 34.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HUBB shares. Barclays boosted their price objective on 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 upgraded Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Stephens reiterated an "overweight" rating and set a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Finally, Wells Fargo & Company upgraded shares of Hubbell from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hubbell has a consensus rating of "Moderate Buy" and an average price target of $472.63.

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.