Alliancebernstein L.P. Has $28.22 Million Position in Hubbell Inc $HUBB

Key Points

• Alliancebernstein L.P. increased its holdings in Hubbell Inc by 13.4% during Q1, owning 85,287 shares valued at about $28.2 million after acquiring an additional 10,105 shares.
• Hubbell reported $4.93 EPS in its latest earnings, exceeding the estimate of $4.36, and set FY 2025 guidance between 17.650-18.15 EPS.
• The company declared a quarterly dividend of $1.32 per share, resulting in an annualized yield of 1.2%, with a payout ratio of 34.29%.

Alliancebernstein L.P. increased its position in Hubbell Inc (NYSE:HUBB - Free Report) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,287 shares of the industrial products company's stock after acquiring an additional 10,105 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of Hubbell worth $28,222,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HUBB. Nuveen LLC acquired a new stake in shares of Hubbell in the 1st quarter worth about $213,283,000. Adage Capital Partners GP L.L.C. increased its stake in 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 valued at $322,702,000 after buying an additional 628,886 shares during the period. Deutsche Bank AG increased its stake in Hubbell by 35.1% during the 1st quarter. Deutsche Bank AG now owns 1,104,085 shares of the industrial products company's stock valued at $365,353,000 after buying an additional 287,047 shares during the period. GAMMA Investing LLC increased its stake in Hubbell by 52,429.8% during the 1st quarter. GAMMA Investing LLC now owns 192,259 shares of the industrial products company's stock valued at $636,200,000 after buying an additional 191,893 shares during the period. Finally, PointState Capital LP acquired a new position in Hubbell during the 4th quarter valued at about $78,443,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Trading Up 0.7%

Shares of HUBB traded up $3.25 during midday trading on Monday, hitting $440.68. The stock had a trading volume of 103,185 shares, compared to its average volume of 611,574. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The business has a 50-day simple moving average of $430.95 and a two-hundred day simple moving average of $388.58. The firm has a market cap of $23.42 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. 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 announced its earnings results 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 company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, equities analysts forecast that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell's dividend payout ratio (DPR) is currently 34.29%.

Wall Street Analyst Weigh In

HUBB has been the topic of several research analyst reports. Barclays raised 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. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Stephens reaffirmed an "overweight" rating and issued a $500.00 price objective on shares of Hubbell in a research note on Thursday. Finally, Wells Fargo & Company raised shares of Hubbell from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $445.00 to $490.00 in a research note on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $472.63.

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.