LVW Advisors LLC Buys New Holdings in Hubbell Inc $HUBB

Key Points

• LVW Advisors LLC acquired 634 shares of Hubbell Inc (NYSE:HUBB) valued at approximately $259,000 in the 2nd quarter, indicating growing institutional interest in the company.
• Hubbell's recent quarterly earnings revealed an EPS of $4.93, exceeding analysts' expectations, although revenue came in slightly below consensus estimates at $1.48 billion.
• The company announced a quarterly dividend of $1.32 per share, representing a yield of 1.2%, with a payout ratio of 34.29%.

LVW Advisors LLC purchased a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 634 shares of the industrial products company's stock, valued at approximately $259,000.

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

Hubbell Price Performance

Shares of Hubbell stock opened at $425.45 on Monday. The business has a 50 day simple moving average of $433.67 and a two-hundred day simple moving average of $394.60. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $481.35. The stock has a market capitalization of $22.61 billion, a P/E ratio of 27.63, a PEG ratio of 2.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.76.

Hubbell (NYSE:HUBB - Get Free Report) last announced 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. Hubbell had a return on equity of 27.63% and a net margin of 14.76%.The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Hubbell has set its FY 2025 guidance at 17.650-18.15 EPS. As a group, analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on HUBB shares. Stephens reaffirmed an "overweight" rating and set a $500.00 target price on shares of Hubbell in a research report on Thursday, September 11th. 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 research note on Tuesday, September 2nd. Wall Street Zen upgraded Hubbell from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hubbell currently has an average rating of "Moderate Buy" and a consensus target price of $472.63.

Hubbell Company 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.

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