Nykredit A S Acquires Shares of 27,949 Hubbell Inc $HUBB

Key Points

• Nykredit A/S acquired 27,949 Hubbell shares worth approximately $14.6 million during the second quarter, giving it a 0.05% stake. Institutional investors collectively own 88.16% of Hubbell.
• Hubbell exceeded quarterly expectations, reporting $5.52 in EPS versus the $5.39 consensus and $1.71 billion in revenue, up 15.3% year over year. The company guided to fiscal 2026 EPS of $20.25–$20.55.
• Hubbell announced a quarterly dividend of $1.42 per share, equivalent to $5.68 annually and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $555.

Nykredit A S bought a new stake in shares of Hubbell Inc (NYSE:HUBB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,949 shares of the industrial products company's stock, valued at approximately $14,623,000. Nykredit A S owned approximately 0.05% of Hubbell at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its holdings in Hubbell by 165.0% in the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company's stock worth $26,000 after purchasing an additional 33 shares during the period. Raiffeisen Bank International AG grew its stake in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company's stock worth $29,000 after buying an additional 30 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Hubbell during the 3rd quarter valued at approximately $33,000. DV Equities LLC purchased a new position in Hubbell during the fourth quarter valued at $33,000. Finally, Leonteq Securities AG bought a new stake in Hubbell in the first quarter worth $33,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Price Performance

NYSE HUBB opened at $460.95 on Friday. Hubbell Inc has a one year low of $403.82 and a one year high of $565.50. The stock has a 50-day moving average of $484.58 and a 200 day moving average of $495.36. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.25 and a beta of 0.89.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, sell-side analysts forecast that Hubbell Inc will post 20.43 EPS for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.2%. Hubbell's dividend payout ratio (DPR) is currently 33.63%.

Insider Transactions at Hubbell

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of Hubbell stock in a transaction that occurred on 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 sale, the vice president owned 2,933 shares of the company's stock, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HUBB shares. Wall Street Zen downgraded Hubbell from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group reaffirmed a "neutral" rating and issued a $515.00 target price on shares of Hubbell in a report on Tuesday, June 16th. Weiss Ratings downgraded shares of Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Morgan Stanley increased their price target on shares of Hubbell from $565.00 to $575.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Robert W. Baird assumed coverage on shares of Hubbell in a report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hubbell presently has an average rating of "Moderate Buy" and a consensus target price of $555.00.

Hubbell Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source