NewEdge Advisors LLC Grows Stock Holdings in Hubbell Inc $HUBB

Key Points

• NewEdge Advisors significantly increased its Hubbell stake by 533.7% in the second quarter, bringing its holdings to 3,517 shares valued at approximately $1.84 million. Institutional investors collectively own 88.16% of Hubbell.
• Hubbell reported quarterly EPS of $5.52, exceeding estimates of $5.39, while revenue reached $1.71 billion and rose 15.3% year over year. The company issued fiscal 2026 EPS guidance of $20.25–$20.55.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $555. Hubbell also pays a quarterly dividend of $1.42 per share, representing a 1.3% yield.

NewEdge Advisors LLC grew its position in Hubbell Inc (NYSE:HUBB - Free Report) by 533.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,517 shares of the industrial products company's stock after buying an additional 2,962 shares during the period. NewEdge Advisors LLC's holdings in Hubbell were worth $1,840,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. IFP Advisors Inc increased its position in Hubbell by 2.1% during the 2nd quarter. IFP Advisors Inc now owns 1,181 shares of the industrial products company's stock valued at $618,000 after buying an additional 24 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Hubbell by 5.2% during the second quarter. Arizona State Retirement System now owns 15,203 shares of the industrial products company's stock worth $7,954,000 after acquiring an additional 758 shares during the last quarter. Waverly Advisors LLC purchased a new stake in shares of Hubbell during the second quarter worth about $930,000. Empirical Finance LLC increased its holdings in shares of Hubbell by 17.8% during the second quarter. Empirical Finance LLC now owns 503 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 76 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Hubbell in the 2nd quarter valued at approximately $13,200,000. Institutional investors own 88.16% of the company's stock.

Hubbell Price Performance

Shares of HUBB opened at $447.24 on Friday. The business's 50-day moving average is $476.04 and its two-hundred day moving average is $490.29. The company has a market capitalization of $23.63 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.17 and a beta of 0.89. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.13. The business had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Research analysts predict that Hubbell Inc will post 20.43 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Hubbell's payout ratio is 33.63%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of Hubbell in a research report on Wednesday, July 29th. Robert W. Baird initiated coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price target for the company. Weiss Ratings lowered shares of Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 14th. UBS Group reissued a "neutral" rating and issued a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Finally, Wall Street Zen cut Hubbell from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $555.00.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the transaction, the vice president owned 2,933 shares in the company, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by company insiders.

Hubbell Profile

Hubbell Incorporated NYSE: HUBB is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.

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