Hubbell Inc $HUBB Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP reduced its stake in Hubbell Inc by 38.9% in the first quarter, now holding 1,101 shares worth approximately $364,000.
• Hubbell recently reported earnings of $4.93 per share, exceeding analyst expectations of $4.36, while the company's revenue for the quarter was $1.48 billion.
• Recent analyst ratings have been positive, with JPMorgan and Barclays increasing their target prices, and Wall Street Zen upgrading the stock from a "hold" to a "buy" rating.

Versor Investments LP cut its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 38.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,101 shares of the industrial products company's stock after selling 700 shares during the quarter. Versor Investments LP's holdings in Hubbell were worth $364,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Tsfg LLC acquired a new position in Hubbell in the first quarter valued at $30,000. Johnson Financial Group Inc. increased its stake in Hubbell by 166.7% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 65 shares during the period. NBC Securities Inc. acquired a new position in Hubbell in the first quarter valued at $49,000. CX Institutional acquired a new position in Hubbell in the first quarter valued at $49,000. Finally, Intact Investment Management Inc. acquired a new position in Hubbell in the first quarter valued at $66,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

HUBB traded up $5.07 on Tuesday, hitting $442.63. 546,796 shares of the company were exchanged, compared to its average volume of 519,912. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30. The business's fifty day moving average is $422.49 and its 200 day moving average is $383.87. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $481.35. The firm has a market capitalization of $23.52 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share 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 for the quarter, compared to analyst estimates of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, sell-side analysts anticipate that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The business also recently announced 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. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. Hubbell's dividend payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays lifted their price objective 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. JPMorgan Chase & Co. boosted their price target on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company boosted their price target on shares of Hubbell from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $462.29.

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.