Hubbell Inc $HUBB Stake Raised by Bourgeon Capital Management LLC

Key Points

• Bourgeon Capital Management LLC increased its stake in Hubbell Inc by 48.6%, now holding 32,958 shares worth approximately $13.46 million.
• The company reported an EPS of $4.93 for the last quarter, exceeding analysts' expectations, and set a FY 2025 guidance between $17.650-$18.15.
• Hubbell recently declared a quarterly dividend of $1.32 per share, representing an annualized yield of 1.2%.

Bourgeon Capital Management LLC boosted its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 48.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,958 shares of the industrial products company's stock after buying an additional 10,774 shares during the quarter. Hubbell makes up about 2.7% of Bourgeon Capital Management LLC's holdings, making the stock its 9th biggest position. Bourgeon Capital Management LLC owned about 0.06% of Hubbell worth $13,460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUBB. Central Pacific Bank Trust Division purchased a new stake in Hubbell in the 2nd quarter valued at approximately $29,000. Tsfg LLC purchased a new stake in Hubbell in the 1st quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in Hubbell in the 1st quarter valued at approximately $49,000. CX Institutional purchased a new stake in Hubbell in the 1st quarter valued at approximately $49,000. Finally, Ransom Advisory Ltd purchased a new stake in Hubbell in the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Trading Up 0.3%

HUBB stock opened at $426.69 on Tuesday. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.38 and a beta of 0.99. The company has a quick ratio of 0.76, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $433.76 and a 200-day simple moving average of $395.20. Hubbell Inc has a 52 week low of $299.42 and a 52 week high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, topping analysts' consensus estimates 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. On average, equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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

Analysts Set New Price Targets

HUBB has been the subject of several analyst reports. Stephens reiterated an "overweight" rating and issued a $500.00 price target on shares of Hubbell in a report on Thursday, September 11th. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wells Fargo & Company upgraded Hubbell from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Finally, Barclays boosted their price target on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.

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