Security National Bank Raises Stock Holdings in Hubbell Inc $HUBB

Key Points

• Security National Bank increased its position in Hubbell Inc by 17.5%, now holding 9,438 shares valued at approximately $3.85 million.
• The company recently reported an earnings per share (EPS) of $4.93 for the last quarter, exceeding expectations, despite revenues slightly below consensus at $1.48 billion.
• Hubbell announced a quarterly dividend of $1.32 per share, marking a total annualized dividend of $5.28 with a yield of 1.2%.

Security National Bank boosted its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 17.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,438 shares of the industrial products company's stock after purchasing an additional 1,408 shares during the quarter. Security National Bank's holdings in Hubbell were worth $3,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HUBB. Central Pacific Bank Trust Division bought a new position in Hubbell during the 2nd quarter worth approximately $29,000. Tsfg LLC bought a new position in shares of Hubbell during the first quarter valued at approximately $30,000. CX Institutional purchased a new stake in shares of Hubbell in the first quarter worth $49,000. NBC Securities Inc. bought a new position in Hubbell in the first quarter valued at about $49,000. Finally, Ransom Advisory Ltd bought a new stake in Hubbell during the 1st quarter valued at approximately $53,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Down 0.1%

Hubbell stock traded down $0.62 during mid-day trading on Tuesday, reaching $437.87. The company's stock had a trading volume of 56,102 shares, compared to its average volume of 609,496. The business's 50 day simple moving average is $433.46 and its 200 day simple moving average is $392.04. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.30.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Hubbell had a net margin of 14.76% and a return on equity of 27.63%. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, research analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given 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 was Friday, August 29th. Hubbell's dividend payout ratio (DPR) is 34.29%.

Wall Street Analysts Forecast Growth

HUBB has been the subject of a number of research analyst reports. Wells Fargo & Company raised Hubbell from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $445.00 to $490.00 in a research report on Tuesday, September 2nd. Barclays upped their target price 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. Finally, Stephens restated an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Hubbell currently has an average rating of "Moderate Buy" and an average price target 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.