Insight Wealth Strategies LLC Decreases Holdings in Hubbell Inc $HUBB

Key Points

• Insight Wealth Strategies LLC significantly reduced its holdings in Hubbell Inc by 95.5% in Q2, selling 11,364 shares and retaining only 537, valued at $220,000.
• The company reported a Q2 EPS of $4.93, surpassing estimates, and set its FY 2025 guidance at between $17.650 and $18.15 EPS.
• A quarterly dividend of $1.32 per share will be paid to shareholders on September 15th, with a current annualized yield of 1.2%.

Insight Wealth Strategies LLC trimmed its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 95.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 537 shares of the industrial products company's stock after selling 11,364 shares during the period. Insight Wealth Strategies LLC's holdings in Hubbell were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Hubbell Stock Down 3.0%

HUBB opened at $437.42 on Friday. The business has a 50 day moving average price of $430.95 and a two-hundred day moving average price of $388.44. 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 company has a market cap of $23.24 billion, a PE ratio of 28.40, a P/E/G ratio of 2.52 and a beta of 0.99. 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 posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $4.93 EPS for the quarter, beating the consensus estimate of $4.36 by $0.57. The firm 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. As a group, research analysts anticipate that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HUBB. Barclays boosted their target price on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Wells Fargo & Company raised Hubbell from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $445.00 to $490.00 in a report on Tuesday, September 2nd. Stephens reissued an "overweight" rating and issued a $500.00 target price on shares of Hubbell in a report on Thursday. Finally, Wall Street Zen raised Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.