NBC Securities Inc. Raises Stake in Hubbell Inc $HUBB

Key Points

• NBC Securities Inc. increased its stake in Hubbell by 1,379.9% in Q4 to 3,019 shares, valued at approximately $1.34 million.
• Insiders sold 34,689 shares (about $17.4 million) over the past three months, including notable sales by Mark Eugene Mikes and VP Katherine Anne Lane, leaving insiders with 0.63% ownership.
• Analysts show a "Moderate Buy" consensus with an average target of $533.50; Hubbell also reported a slight quarterly EPS beat ($4.73 vs. $4.70) and set FY2026 guidance of $19.15–$19.85 EPS.

NBC Securities Inc. raised its position in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 1,379.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,019 shares of the industrial products company's stock after purchasing an additional 2,815 shares during the quarter. NBC Securities Inc.'s holdings in Hubbell were worth $1,341,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HUBB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Hubbell during the third quarter valued at approximately $162,309,000. Massachusetts Financial Services Co. MA lifted its holdings in Hubbell by 15.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,655,746 shares of the industrial products company's stock valued at $712,484,000 after purchasing an additional 226,856 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Hubbell by 355.8% during the third quarter. Qube Research & Technologies Ltd now owns 222,485 shares of the industrial products company's stock valued at $95,738,000 after purchasing an additional 173,668 shares in the last quarter. Boston Partners lifted its holdings in Hubbell by 30.7% during the third quarter. Boston Partners now owns 736,469 shares of the industrial products company's stock valued at $316,521,000 after purchasing an additional 172,990 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in Hubbell during the second quarter valued at approximately $68,164,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Buying and Selling at Hubbell

In related news, insider Mark Eugene Mikes sold 2,601 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the sale, the insider owned 2,592 shares in the company, valued at approximately $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the business's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president owned 14,913 shares in the company, valued at $7,540,012.80. This represents a 23.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.63% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HUBB shares. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Morgan Stanley boosted their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 11th. Wells Fargo & Company lowered their target price on shares of Hubbell from $550.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, April 1st. Stephens reissued an "overweight" rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Finally, Barclays boosted their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $533.50.

Hubbell Trading Down 0.7%

Shares of HUBB opened at $554.16 on Friday. The company's fifty day moving average is $507.58 and its 200 day moving average is $473.48. Hubbell Inc has a fifty-two week low of $341.03 and a fifty-two week high of $565.50. The stock has a market capitalization of $29.46 billion, a PE ratio of 33.24, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.72.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the business posted $4.10 earnings per share. Hubbell's quarterly revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Sell-side analysts expect that Hubbell Inc will post 19.79 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, February 27th. Hubbell's payout ratio is currently 34.07%.

About Hubbell

Hubbell Incorporated NYSE: HUBB is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company's offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.